Plan Ledger DOL Form 5500 · updated monthly

Hebco, Inc.401(k)

HEBCO, INC. RETIREMENT PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Hebco, Inc. reported $24,881 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,319 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 rose from 0.18% to 0.19%. 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 332nd-largest of 724 plans among Oklahoma employers on file, and 6,866th of 11,654 in professional & technical services. In 2024, employees put in $3.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,847,032
Participants with balances155
Active participants128
Employer contributions$168,871
Employee contributions$627,845
Employer contribution per active participant$1,319
Average account balance$89,336
Benefits paid to participants$547,605
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 155 accts · $169K emplr
2023$11.9M · 170 accts · $163K emplr
2022$10.1M · 141 accts · $164K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,831
Audit (IQPA)$14,050
Total administrative$24,881
The Hebco, Inc. 401(k) match · 2024
Employer contribution per active participant$1,319
Median for plans this size$2,416
2024$1,319 per active participant
2023$1,226 per active participant
2022$1,400 per active participant

Hebco, 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 · 20243
FROST, PLLC · Accounting / audit$14,050
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$10,831
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$24,881 · 0.19%
2023$22,583 · 0.21%
2022$20,951 · 0.18%
Same employer
Similar plansProfessional & Technical Services · Oklahoma
Finley & Cook, P.L.L.C. OK$17.6M · 0.59%
Cyntergy Aec LLC OK$15.4M · 0.49%
Partners Human Resources OK$12.7M · 0.84%
Est, Inc. OK$12.7M · 0.74%
Public Strategies, Inc. OK$12.6M · 0.80%
Agio, Inc. OK$11.8M · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731199591 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.