Plan Ledger DOL Form 5500 · updated monthly

Haynes Mechanical Systems, Inc.401(k)

HAYNES MECHANICAL SYSTEMS, INC. 401(K) PLAN · GREENWOOD VILLAGE, CO · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Haynes Mechanical Systems, Inc. reported $89,593 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,636 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 0.23% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 431st-largest of 1,461 plans among Colorado employers on file, and the 1,750th of 5,337 in construction. In 2024, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,737,644
Participants with balances287
Active participants237
Employer contributions$624,825
Employee contributions$1,724,964
Employer contribution per active participant$2,636
Average account balance$86,194
Benefits paid to participants$2,419,605
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.7M · 287 accts · $625K emplr
2023$22.2M · 281 accts · $598K emplr
2022$18.1M · 271 accts · $565K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,593
Total administrative$89,593
The Haynes Mechanical Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$2,636
Median for plans this size$2,416
2024$2,636 per active participant
2023$2,671 per active participant
2022$2,593 per active participant

Haynes Mechanical Systems, Inc.'s 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$89,592
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect 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$89,593 · 0.38%
2023$77,343 · 0.38%
2022$44,293 · 0.23%
Same employer
Similar plansConstruction · Colorado
Shaw Services Company CO$26.3M · 0.40%
Colorado Structures, Inc. CO$23.3M · 0.45%
Ludvik Electric Co. CO$23.1M · 0.55%
Pinkard Construction Co. CO$22.9M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841318272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.