Plan Ledger DOL Form 5500 · updated monthly

Hef-Usa, Inc.401(k)

HEF-USA, INC 401(K) PLAN · SPRINGFIELD, OH · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Hef-Usa, Inc. reported $72,413 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,597 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 0.74% to 0.52%. 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 1,608th-largest of 3,295 plans among Ohio employers on file, and the 909th of 2,677 in transportation & warehousing. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,869,729
Participants with balances334
Active participants390
Employer contributions$622,955
Employee contributions$1,244,558
Employer contribution per active participant$1,597
Average account balance$44,520
Benefits paid to participants$1,497,291
Plan auditUnmodified (clean) audit opinion
AuditorKRUGGEL LAWTON& COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 334 accts · $623K emplr
2023$12.8M · 333 accts · $568K emplr
2022$10.9M · 307 accts · $528K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,300
Investment management$43,113
Total administrative$72,413
The Hef-Usa, Inc. 401(k) match · 2024
Employer contribution per active participant$1,597
Median for plans this size$2,416
2024$1,597 per active participant
2023$1,393 per active participant
2022$1,475 per active participant

Hef-Usa, 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
HAYS FINANCIAL GROUP · Investment advisory (plan)$40,915
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,300
WEALTH MANAGEMENT SYSTEMS INC · Other servicesindirect 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$72,413 · 0.52%
2023$67,304 · 0.57%
2022$45,672 · 0.74%
Similar plansTransportation & Warehousing · Ohio
Cheeseman LLC OH$17.1M · 0.05%
Encore Technologies OH$15.2M · 0.47%
Cathcart Rail, LLC OH$14.8M · 0.60%
Continental Express, Inc. OH$13.5M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311370673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.