Plan Ledger DOL Form 5500 · updated monthly

Hcl Global Systems, Inc.401(k)

HCL GLOBAL SYSTEMS 401(K) PLAN · FARMINGTON HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.52%

Hcl Global Systems, Inc. reported $29,920 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. 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 0.48% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (1,815th of 2,619), and 9,085th of 11,654 in professional & technical services. active participation has shrunk from 845 to 617 since 2022.

Plan summary
Net assets, end of year$6,851,664
Participants with balances233
Active participants617
Employer contributions—
Employee contributions$2,062,742
Employer contribution per active participant—
Average account balance$29,406
Benefits paid to participants$752,180
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 233 accts
2023$4.7M · 239 accts
2022$2.1M · 219 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,866
Investment management$25,054
Total administrative$29,920
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
CAMBRIDGE WEALTH ADVISORS · Recordkeeping · Trustee$25,054
ADP, INC. · Loan processing · Recordkeeping$4,866

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

Recordkeeper by year2
2024ADP, CAMBRIDGE WEALTH ADVISORS
2023ADP, CAMBRIDGE WEALTH ADVISORS

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Administrative cost history3
2024$29,920 · 0.52%
2023$34,014 · 1.00%
2022$5,897 · 0.48%
Same employer
Similar plansProfessional & Technical Services · Michigan
Gs Engineering, Inc. MI$7.4M · 0.30%
Hour Media, LLC MI$7.3M · 0.00%
Asphalt Specialists, LLC MI$7.0M · 0.08%
Fieldstone A&E, LLC MI$6.8M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134309337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.