Plan Ledger DOL Form 5500 · updated monthly

Haviland Plastic Products401(k)

HAVILAND PLASTIC PRODUCTS/DRAINAGE PRODUCTS, INC. 401(K) PROFIT SHARING PLAN · HAVILAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Haviland Plastic Products reported $45,318 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,459 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 3 years on file its reported administrative ratio has held roughly steady near 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,160th of 3,295), and 9,526th of 13,661 in manufacturing. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,329,100
Participants with balances99
Active participants142
Employer contributions$207,231
Employee contributions$532,659
Employer contribution per active participant$1,459
Average account balance$84,132
Benefits paid to participants$905,479
Plan auditUnmodified (clean) audit opinion
AuditorREA & ASSOCIATES, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 99 accts · $207K emplr
2023$7.6M · 100 accts · $201K emplr
2022$6.6M · 103 accts · $187K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,076
Investment management$25,412
Audit (IQPA)$17,830
Total administrative$45,318
The Haviland Plastic Products 401(k) match · 2024
Employer contribution per active participant$1,459
Median for plans this size$1,313
2024$1,459 per active participant
2023$1,536 per active participant
2022$1,442 per active participant

Haviland Plastic Products's 2024 employer contribution ran above the $1,313 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$27,486
REA & ASSOCIATES, INC. · Accounting / audit · Pension consulting$17,830

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,318 · 0.57%
2023$41,376 · 0.58%
2022$39,271 · 0.55%
Similar plansManufacturing · Ohio
Lumitex, LLC OH$8.4M · 0.59%
Magna Machine Co. OH$8.4M · 0.09%
Ysk Corporation OH$8.3M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341803825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.