Plan Ledger DOL Form 5500 · updated monthly

Hsi Workplace Compliance Solutions, Inc.401(k)

HEALTH AND SAFETY INSTITUTE 401(K) PLAN · FRISCO, TX · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Hsi Workplace Compliance Solutions, Inc. reported $141,971 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,329 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 3 years on file its reported administrative ratio has held roughly steady near 0.528%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,567th-largest of 5,688 plans among Texas employers on file, and the 4,251st of 11,654 in professional & technical services. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,287,098
Participants with balances471
Active participants461
Employer contributions$1,073,635
Employee contributions$2,227,748
Employer contribution per active participant$2,329
Average account balance$62,181
Benefits paid to participants$1,708,608
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.3M · 471 accts · $1.1M emplr
2023$24.4M · 503 accts · $1.1M emplr
2022$18.4M · 508 accts · $991K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$141,971
Total administrative$141,971
The Hsi Workplace Compliance Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$2,329
Median for plans this size$2,416
2024$2,329 per active participant
2023$2,437 per active participant
2022$2,056 per active participant

Hsi Workplace Compliance Solutions, Inc.'s 2024 employer contribution ran below 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
BENEFIT ADMINISTRATION COMPANY · Contract administrator · Recordkeeping$54,729
BAC CAPITAL ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$92,634

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

Recordkeeper by year2
2024BENEFIT ADMINISTRATION COMPANY
2023BENEFIT ADMINISTRATION COMPANY

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

Administrative cost history3
2024$141,971 · 0.53%
2023$115,470 · 0.54%
2022$100,464 · 0.53%
Similar plansProfessional & Technical Services · Texas
L.A. Fuess Partners, Inc. TX$30.1M · 0.22%
Englobal Corporation TX$29.8M · 0.33%
Mehaffy & Weber, P.C. TX$29.3M · 0.09%
Gyrodata Incorporated TX$29.2M · 0.25%
Waters & Kraus, LLP TX$28.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911694268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.