Plan Ledger DOL Form 5500 · updated monthly

Heico Holding, Inc.401(k)

HEICO HOLDING, INC. 401(K) PLAN · WARRENVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Heico Holding, Inc. reported $350,909 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $2,013 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 0.17% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 177th-largest of 3,702 plans among Illinois employers on file, and the 643rd of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$437,475,292
Participants with balances5,830
Active participants5,714
Employer contributions$11,499,505
Employee contributions$26,394,174
Employer contribution per active participant$2,013
Average account balance$75,039
Benefits paid to participants$57,153,096
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$437.5M · 5,830 accts · $11.5M emplr
2023$400.4M · 6,265 accts · $10.0M emplr
2022$346.5M · 4,323 accts · $8.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$234,336
Investment management$116,573
Total administrative$350,909
The Heico Holding, Inc. 401(k) match · 2024
Employer contribution per active participant$2,013
Median for plans this size$4,294
2024$2,013 per active participant
2023$1,908 per active participant
2022$1,347 per active participant

Heico Holding, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20242
EMPOWER$234,336
UBS FINANCIAL SERVICES, INC. · Investment advisory (plan)$116,573

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$350,909 · 0.08%
2023$321,416 · 0.09%
2022$624,040 · 0.17%
Same employer
Similar plansManufacturing · Illinois
Shure Incorporated IL$439.7M · 0.07%
Flex-N-Gate LLC IL$405.0M · 0.11%
Stepan Company IL$395.4M · 0.03%
Acco Brands Corporation IL$392.3M · 0.06%
Yaskawa America, Inc. IL$379.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361622665 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.