Plan Ledger DOL Form 5500 · updated monthly

Haynes Management Services, Inc.401(k)

HAYNES MANAGEMENT SERVICES, INC. 401(K) PLAN · WETUMPKA, AL · plan year 2023

Reported admin expense ratio · 2023
1.17%

Haynes Management Services, Inc. reported $51,524 in plan administrative expenses for 2023: 1.17% of average plan assets, higher than ~90% of peers. 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 1.32% to 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (640th of 902), and 8,051st of 11,911 in health care & social assistance. active participation has grown from 460 to 522 since 2022.

Plan summary
Net assets, end of year$4,745,631
Participants with balances260
Active participants522
Employer contributions—
Employee contributions$379,788
Employer contribution per active participant—
Average account balance$18,252
Benefits paid to participants$251,330
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 267 accts
2023$4.7M · 260 accts
2022$4.1M · 249 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,155
Investment management$27,151
Trustee / custodial$1,218
Total administrative$51,524
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 · 20232
NEWPORT GROUP, INC. · Recordkeeping · Custodial (securities)$23,155
BUCKINGHAM ASSET MANAGEMENT, LLC · Investment advisory (plan)$27,151

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$56,706 · 1.21%
2023$51,524 · 1.17%
2022$54,239 · 1.32%
Same employer
Similar plansHealth Care & Social Assistance · Alabama

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Source: U.S. Department of Labor, Form 5500 series, EIN 853927261 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.