Plan Ledger DOL Form 5500 · updated monthly

Haynes Inc.401(k)

THE HAYNES RETIREMENT PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Haynes Inc. reported $5,667 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,275 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 fell from 0.07% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Virginia (1,321st of 2,266), and the 878th of 2,534 in administrative & support services. In 2024, employees put in $4.41 for every $1.00 the employer contributed; active participation has shrunk from 179 to 83 since 2022.

Plan summary
Net assets, end of year$12,437,991
Participants with balances168
Active participants83
Employer contributions$105,787
Employee contributions$466,563
Employer contribution per active participant$1,275
Average account balance$74,036
Benefits paid to participants$1,484,595
Plan auditUnmodified (clean) audit opinion
AuditorCHORTEK, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 168 accts · $106K emplr
2023$11.8M · 195 accts · $128K emplr
2022$12.2M · 175 accts · $219K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,550
Investment management$4,117
Total administrative$5,667
The Haynes Inc. 401(k) match · 2024
Employer contribution per active participant$1,275
Median for plans this size$2,416
2024$1,275 per active participant
2023$1,437 per active participant
2022$1,224 per active participant

Haynes Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,550

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$5,667 · 0.05%
2023$6,794 · 0.06%
2022$9,618 · 0.07%
Same employer
Similar plansAdministrative & Support Services · Virginia
Savvee Consulting Inc VA$15.0M · 0.40%
Lancesoft, Inc. VA$14.5M · 1.89%
Employment Enterprises Inc VA$11.1M · 1.02%
Kr Contracting, Inc. VA$10.9M · 1.24%
Qualx Corporation VA$10.8M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043620459 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.