Plan Ledger DOL Form 5500 · updated monthly

Hecny America, Inc.401(k)

HECNY AMERICA, INC. 401(K) RETIREMENT PLAN · RANCHO DOMINGUEZ, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Hecny America, Inc. reported $5,492 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,031 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 0.03% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 4,627th-largest of 9,483 plans among California employers on file, and the 951st of 2,677 in transportation & warehousing. In 2024, employees put in $7.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,728,629
Participants with balances130
Active participants101
Employer contributions$104,127
Employee contributions$779,930
Employer contribution per active participant$1,031
Average account balance$105,605
Benefits paid to participants$307,563
Plan auditUnmodified (clean) audit opinion
AuditorFRAZER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 130 accts · $104K emplr
2023$11.1M · 138 accts · $113K emplr
2022$8.5M · 137 accts · $106K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,492
Total administrative$5,492
The Hecny America, Inc. 401(k) match · 2024
Employer contribution per active participant$1,031
Median for plans this size$2,416
2024$1,031 per active participant
2023$1,024 per active participant
2022$965 per active participant

Hecny America, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$5,492
HOVER INSURANCE SERVICES, INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$5,492 · 0.04%
2023$1,498 · 0.02%
2022$2,934 · 0.03%
Similar plansTransportation & Warehousing · California
Dreisbach Enterprises, Inc. CA$14.5M · 0.21%
Plastic Express CA$13.6M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942321996 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.