Plan Ledger DOL Form 5500 · updated monthly

Hearing Care Solutions Inc401(k)

HEARING CARE SOLUTIONS INC - 401K · GREENWOOD VILLAGE, CO · plan year 2024

Reported admin expense ratio · 2024
2.11%

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

Hearing Care Solutions Inc reported $19,271 in plan administrative expenses for 2024: 2.11% of average plan assets, above the peer median. Employer contributions averaged $590 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Colorado (1,321st of 1,461), and 4,857th of 5,215 in retail trade. In 2024, employees put in $3.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,370,654
Participants with balances154
Active participants155
Employer contributions$91,459
Employee contributions$350,178
Employer contribution per active participant$590
Average account balance$8,900
Benefits paid to participants$120,044
Plan auditUnmodified (clean) audit opinion
AuditorKIMBERLIN COMPANY
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,742
Investment management$8,529
Total administrative$19,271
The Hearing Care Solutions Inc 401(k) match · 2024
Employer contribution per active participant$590
Median for plans this size$540

Hearing Care Solutions Inc's 2024 employer contribution ran above the $540 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
ADP, INC. · Loan processing · Recordkeeping$10,741
KESTRA ADVISORY SERVICES · Recordkeeping · Trustee$8,529

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

Administrative cost history1
2024$19,271 · 2.11%
Similar plansRetail Trade · Colorado
Gymshark USA Inc CO$2.0M · 0.84%
Jst Consultants, LLC CO$1.6M · 1.74%
Tonys Meats, Inc. CO$1.5M · 1.09%
Durango Motor Company CO$1.3M · 0.67%
Mike's Camera, Inc. CO$1.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371577266 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.