Plan Ledger DOL Form 5500 · updated monthly

Heartland Farms, Inc.401(k)

HEARTLAND FARMS, INC. 401(K) PLAN · HANCOCK, WI · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Heartland Farms, Inc. reported $58,158 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,168 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 0.50% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,144th of 1,936), and 7,731st of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 136 to 151 since 2022.

Plan summary
Net assets, end of year$12,946,935
Participants with balances149
Active participants151
Employer contributions$327,305
Employee contributions$625,689
Employer contribution per active participant$2,168
Average account balance$86,892
Benefits paid to participants$1,200,852
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 149 accts · $327K emplr
2023$11.6M · 133 accts · $267K emplr
2022$9.5M · 121 accts · $244K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,611
Investment management$49,547
Total administrative$58,158
The Heartland Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$2,168
Median for plans this size$2,416
2024$2,168 per active participant
2023$1,804 per active participant
2022$1,798 per active participant

Heartland Farms, 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
NORTHWESTERN WISCONSIN ASSOC · Recordkeeping$8,611
LINCOLN NATIONAL CORPORATION · Contract administrator$49,547

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

Recordkeeper by year2
2024NORTHWESTERN WISCONSIN ASSOC
2023NORTHWESTERN WISCONSIN ASSOC

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

Administrative cost history3
2024$58,158 · 0.47%
2023$53,100 · 0.50%
2022$50,037 · 0.50%
Same employer
Similar plansManufacturing · Wisconsin
Fromm Family Foods, LLC WI$13.2M · 0.01%
Aries Industries, Inc. WI$13.2M · 0.50%
Delaval Inc. WI$13.2M · 0.11%
Bay View Industries, Inc. WI$12.8M · 0.45%
Chemdesign Products, Inc. WI$12.7M · 0.32%
United Alloy Inc WI$12.5M · 0.67%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391690005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.