Plan Ledger DOL Form 5500 · updated monthly

Heating & Plumbing Engineers, Inc.401(k)

HEATING & PLUMBING ENGINEERS, INC. 401(K) PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Heating & Plumbing Engineers, Inc. reported $43,398 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,918 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 0.68% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Colorado (895th of 1,461), and 3,437th of 5,337 in construction. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 58 to 68 since 2022.

Plan summary
Net assets, end of year$7,700,964
Participants with balances141
Active participants68
Employer contributions$130,454
Employee contributions$275,462
Employer contribution per active participant$1,918
Average account balance$54,617
Benefits paid to participants$1,060,635
Plan auditUnmodified (clean) audit opinion
AuditorSSA PC
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 141 accts · $130K emplr
2023$7.5M · 145 accts · $121K emplr
2022$6.7M · 142 accts · $144K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$588
Investment management$42,810
Total administrative$43,398
The Heating & Plumbing Engineers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,918
Median for plans this size$1,313
2024$1,918 per active participant
2023$2,016 per active participant
2022$2,489 per active participant

Heating & Plumbing Engineers, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$34,994
KESTRA ADVISORY SERVICES · Investment advisory (plan)$7,816
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$588

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

Administrative cost history3
2024$43,398 · 0.57%
2023$38,622 · 0.54%
2022$50,290 · 0.68%
Similar plansConstruction · Colorado
Iron Woman Partners LLC CO$8.4M · 0.26%
J. R. Butler Inc. CO$8.1M · 0.03%
Cgrs, Inc. CO$7.3M · 0.06%
Challenger Building, LLC CO$6.9M · 0.86%
Hpm, Inc. CO$6.7M · 0.27%
Guys Floor Service Inc. CO$6.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840440524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.