Plan Ledger DOL Form 5500 · updated monthly

Henry Rac Holding Corp401(k)

HENRY 401(K) PLAN · RICE LAKE, WI · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Henry Rac Holding Corp reported $69,631 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $692 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 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Wisconsin (1,321st of 1,936), and the 471st of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has grown from 636 to 835 since 2022.

Plan summary
Net assets, end of year$9,247,636
Participants with balances492
Active participants835
Employer contributions$577,790
Employee contributions$1,680,389
Employer contribution per active participant$692
Average account balance$18,796
Benefits paid to participants$664,189
Plan auditDisclaimer of opinion
AuditorHANCOCK & ROBINSON CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 492 accts · $578K emplr
2023$6.4M · 397 accts · $470K emplr
2022$3.9M · 310 accts · $329K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,631
Total administrative$69,631
The Henry Rac Holding Corp 401(k) match · 2024
Employer contribution per active participant$692
Median for plans this size$1,313
2024$692 per active participant
2023$612 per active participant
2022$517 per active participant

Henry Rac Holding Corp'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$69,630
PRINCIPAL SECURITIES INC · Investment advisory (plan) · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$69,631 · 0.89%
2023$44,916 · 0.88%
2022$30,986 · 0.87%
Same employer
Similar plansAgriculture, Forestry & Fishing · Wisconsin
Milk Source, LLC WI$14.5M · 0.43%
Daybreak Foods, Inc. WI$12.4M · 0.02%
Wsf, Inc. WI$12.1M · 0.08%
Natural Beauty Growers, LLC WI$11.1M · 0.54%
Agri-Alliance, LLC WI$8.3M · 0.10%
Strauss Brands LLC WI$7.5M · 0.09%
S & R Egg Farms, Inc. WI$5.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113337304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.