Plan Ledger DOL Form 5500 · updated monthly

Henke Sass Wolf of America, Inc.401(k)

HENKE SASS WOLF OF AMERICA, INC. 401(K) RETIREMENT PLAN · DUDLEY, MA · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Henke Sass Wolf of America, Inc. reported $43,412 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $1,184 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 1.00% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (2,152nd of 2,726), and 10,200th of 13,661 in manufacturing. In 2024, employees put in $3.09 for every $1.00 the employer contributed; active participation has shrunk from 187 to 165 since 2022.

Plan summary
Net assets, end of year$6,961,560
Participants with balances188
Active participants165
Employer contributions$195,377
Employee contributions$604,381
Employer contribution per active participant$1,184
Average account balance$37,030
Benefits paid to participants$417,722
Plan auditUnmodified (clean) audit opinion
AuditorWARD FISHER & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 188 accts · $195K emplr
2023$5.7M · 204 accts · $217K emplr
2022$4.4M · 218 accts · $229K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,843
Investment management$14,569
Total administrative$43,412
The Henke Sass Wolf of America, Inc. 401(k) match · 2024
Employer contribution per active participant$1,184
Median for plans this size$1,313
2024$1,184 per active participant
2023$1,267 per active participant
2022$1,225 per active participant

Henke Sass Wolf of America, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$28,842
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$14,569

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,412 · 0.69%
2023$39,504 · 0.78%
2022$45,466 · 1.00%
Same employer
Similar plansManufacturing · Massachusetts
Fire Equipment, Inc. MA$7.1M · 0.03%
Runtal North America, Inc MA$7.1M · 0.06%
Btl Industries, Inc. MA$6.9M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043127665 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.