Plan Ledger DOL Form 5500 · updated monthly

Hartung Brothers, Inc.401(k)

EMPLOYEES RETIREMENT READINESS - 401(K) SAVINGS PLAN · MADISON, WI · plan year 2023

Reported admin expense ratio · 2023
0.15%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Hartung Brothers, Inc. reported $66,785 in plan administrative expenses for 2023: 0.15% of average plan assets, below the peer median. Employer contributions averaged $12,150 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.13% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 435th-largest of 1,936 plans among Wisconsin employers on file, and the 96th of 945 in agriculture, forestry & fishing. In 2023, the employer put in $1.57 for every $1.00 employees contributed themselves; active participation has shrunk from 170 to 145 since 2022.

Plan summary
Net assets, end of year$47,734,966
Participants with balances210
Active participants145
Employer contributions$1,761,720
Employee contributions$1,122,690
Employer contribution per active participant$12,150
Average account balance$227,309
Benefits paid to participants$5,553,461
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.7M · 184 accts · $1.6M emplr
2023$47.7M · 210 accts · $1.8M emplr
2022$42.2M · 203 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$66,785
Total administrative$66,785
The Hartung Brothers, Inc. 401(k) match · 2023
Employer contribution per active participant$12,150
Median for plans this size$2,440
2024$11,206 per active participant
2023$12,150 per active participant
2022$9,962 per active participant

Hartung Brothers, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ANNUITY INSURANCE COMPANY · Other services$60,534
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$17,677
MMLIS · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$108,368 · 0.23%
2023$66,785 · 0.15%
2022$62,705 · 0.13%
Same employer
Similar plansAgriculture, Forestry & Fishing · Wisconsin
Genus WI$141.0M · 0.13%
United Cooperative WI$70.0M · 0.16%
Sanimax USA LLC WI$44.7M · 0.05%
Huntsinger Farms, Inc. WI$27.2M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391215159 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.