Plan Ledger DOL Form 5500 · updated monthly

Henderson Brothers, Inc.401(k)

HENDERSON BROTHERS, INC. PROFIT SHARING PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Henderson Brothers, Inc. reported $78,547 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $4,180 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 0.23% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 955th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,950th of 4,798 in finance & insurance. In 2024, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,195,189
Participants with balances209
Active participants166
Employer contributions$693,838
Employee contributions$1,630,333
Employer contribution per active participant$4,180
Average account balance$192,321
Benefits paid to participants$4,622,078
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.2M · 209 accts · $694K emplr
2023$37.8M · 1 accts · $899K emplr
2022$32.6M · 218 accts · $732K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,671
Investment management$33,750
Audit (IQPA)$24,126
Total administrative$78,547
The Henderson Brothers, Inc. 401(k) match · 2024
Employer contribution per active participant$4,180
Median for plans this size$2,416
2024$4,180 per active participant
2023$4,636 per active participant
2022$4,159 per active participant

Henderson Brothers, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$33,750
SCHNEIDER DOWNS & CO., INC. · Accounting / audit$24,126
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,671
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$78,547 · 0.20%
2023$101,640 · 0.29%
2022$82,518 · 0.23%
Same employer
Similar plansFinance & Insurance · Pennsylvania
Somerset Trust Company PA$42.1M · 0.18%
Diamond Credit Union PA$39.7M · 0.04%
Tandigm Health, LLC PA$39.3M · 0.31%
Allegheny Financial Group PA$39.2M · 0.00%
Acnb Bank PA$38.2M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 250543730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.