Plan Ledger DOL Form 5500 · updated monthly

Hendricks Holding Co., Inc.401(k)

HENDRICKS GROUP 401(K) PLAN · BELOIT, WI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Hendricks Holding Co., Inc. reported $226,327 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,699 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 3 years on file its reported administrative ratio has held roughly steady near 0.334%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 301st-largest of 1,936 plans among Wisconsin employers on file, and the 237th of 786 in management of companies. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has shrunk from 2,793 to 2,198 since 2022.

Plan summary
Net assets, end of year$73,641,395
Participants with balances1,207
Active participants2,198
Employer contributions$3,733,428
Employee contributions$7,100,062
Employer contribution per active participant$1,699
Average account balance$61,012
Benefits paid to participants$10,403,115
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$73.6M · 1,207 accts · $3.7M emplr
2023$61.9M · 1,108 accts · $4.1M emplr
2022$73.0M · 1,331 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$159,938
Investment management$18,750
Audit (IQPA)$14,000
Trustee / custodial$33,639
Total administrative$226,327
The Hendricks Holding Co., Inc. 401(k) match · 2024
Employer contribution per active participant$1,699
Median for plans this size$3,635
2024$1,699 per active participant
2023$1,779 per active participant
2022$938 per active participant

Hendricks Holding Co., Inc.'s 2024 employer contribution ran below the $3,635 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 · 20246
ALLIANCE PENSION CONSULTANTS, LLC · Recordkeeping$113,637
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$45,758
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$33,639
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$18,750
WIPFLI LLP · Accounting / audit$14,000
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ALLIANCE PENSION CONSULTANTS, LLC, Transamerica
2023ALLIANCE PENSION CONSULTANTS, LLC

This plan has changed recordkeepers within these filings. If you left Hendricks Holding Co., Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$226,327 · 0.33%
2023$237,178 · 0.35%
2022$261,608 · 0.33%
Same employer
Similar plansManagement of Companies · Wisconsin
Plexus Corp. WI$668.4M · 0.07%
Mgic Investment Corporation WI$344.7M · 0.00%
The Boldt Group Inc WI$146.1M · 0.13%
Vhc, Inc. WI$74.2M · 0.01%
W.T. Walker Group, Inc. WI$52.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 392016366 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.