Hearth Management, LLC401(k)
HEARTH MANAGEMENT, LLC RETIREMENT PLAN · BINGHAMTON, NY · plan year 2022
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Hearth Management, LLC reported $42,312 in plan administrative expenses for 2022: 0.82% of average plan assets, higher than ~75% of peers. Employer contributions averaged $759 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 fell from 0.82% to 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (4,553rd of 5,648), and 1,486th of 2,534 in administrative & support services. In 2022, the employer put in $4.00 for every $1.00 employees contributed themselves.
Hearth Management, LLC's 2022 employer contribution ran below the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 161584917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.