Plan Ledger DOL Form 5500 · updated monthly

Hepaco LLC401(k)

HEPACO, LLC. 401(K) PLAN · CHARLOTTE, NC · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

Hepaco LLC reported $144,565 in plan administrative expenses for 2023: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $708 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 1 year on file its reported administrative ratio fell from 0.86% to 0.80%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 738th-largest of 2,005 plans among North Carolina employers on file, and the 2,025th of 5,337 in construction. In 2023, employees put in $3.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,895,116
Participants with balances740
Active participants1,170
Employer contributions$828,569
Employee contributions$2,966,130
Employer contribution per active participant$708
Average account balance$26,885
Benefits paid to participants$3,239,400
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history2
Yearassets · accounts · employer contribution
2023$19.9M · 740 accts · $829K emplr
2022$16.1M · 773 accts · $823K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$144,565
Total administrative$144,565
The Hepaco LLC 401(k) match · 2023
Employer contribution per active participant$708
Median for plans this size$2,440
2023$708 per active participant
2022$945 per active participant

Hepaco LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$144,565
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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 history2
2023$144,565 · 0.80%
2022$140,323 · 0.86%
Same employer
Similar plansConstruction · North Carolina
Warco Construction, Inc. NC$22.1M · 0.21%
Mechanical Contractors, LLC NC$21.8M · 0.26%
Keith & Keith, LTD. NC$21.2M · 0.43%
Edwards, Inc. NC$19.2M · 0.55%
Price Brothers, Inc NC$18.8M · 0.45%
Trader Construction Co. NC$18.8M · 0.01%
Century Contractors, Inc. NC$18.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561428449 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.