How much does Hcc, Inc. contribute to its ESOP?

In 2023, employer contributions to the Hcc, Inc. plan averaged $14,224 per active participant, above the $3,659 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Hcc, Inc. 401(k)?

The average participant account balance was $7,080,161 for plan year 2023, based on 14 accounts.

Hcc, Inc.ESOP

Name: Hcc, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

HCC, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MENDOTA, IL · plan year 2023

Employer contribution per participant · 2023

$14,224

Hcc, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $99,122,253 across 14 participant accounts, with employer contributions averaging $14,224 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 580th-largest of 3,702 plans among Illinois employers on file, and the 1,927th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$99,122,253
Participants with balances14
Active participants207
Employer contributions$2,944,362
Employee contributions—
Employer contribution per active participant$14,224
Average account balance$7,080,161
Benefits paid to participants$6,866,456
Plan auditUnmodified (clean) audit opinion
AuditorRSM

Plan history3

Yearassets · accounts · employer contribution

2024$95.5M · 362 accts · $2.8M emplr

2023$99.1M · 14 accts · $2.9M emplr

2022$85.6M · 329 accts · $2.2M emplr

Employer contributions to the Hcc, Inc. plan · 2023

Employer contribution per active participant$14,224

Median for plans this size$3,659

2024$13,959 per active participant

2023$14,224 per active participant

2022$10,187 per active participant

Hcc, Inc.'s 2023 employer contribution ran above the $3,659 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

Same employer

Hcc, Inc.'s health & benefits plan: carriers, premiums & broker pay

Similar plansManufacturing · Illinois
Provisur Technologies, Inc. IL$102.8M · 0.01%
Smalley Steel Ring Co IL$100.1M · 0.10%
Sloan Valve Company IL$99.8M
Thermoflex Corporation IL$99.6M
Culligan International Company IL$98.6M · 0.26%
Methode Electronics, Inc. IL$97.6M · 0.07%
Ach Food Companies, Inc. IL$96.6M · 0.12%
Voyant Beauty, LLC IL$95.4M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371212690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.