Plan Ledger DOL Form 5500 · updated monthly

Herc Rentals, Inc.401(k)

HERC RENTALS INCOME SAVINGS PLAN · BONITA SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Herc Rentals, Inc. reported $91,464 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,210 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 0.03% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 86th-largest of 3,644 plans among Florida employers on file, and the 24th of 2,096 in real estate & leasing. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 5,261 to 6,456 since 2022.

Plan summary
Net assets, end of year$487,464,629
Participants with balances7,921
Active participants6,456
Employer contributions$20,721,132
Employee contributions$34,359,753
Employer contribution per active participant$3,210
Average account balance$61,541
Benefits paid to participants$34,339,379
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$487.5M · 7,921 accts · $20.7M emplr
2023$400.1M · 7,140 accts · $18.2M emplr
2022$308.3M · 6,311 accts · $15.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,164
Total administrative$91,464
The Herc Rentals, Inc. 401(k) match · 2024
Employer contribution per active participant$3,210
Median for plans this size$4,294
2024$3,210 per active participant
2023$3,029 per active participant
2022$2,849 per active participant

Herc Rentals, Inc.'s 2024 employer contribution ran below the $4,294 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
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$128,310
QDRO CONSULTANTS · Consulting$300

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$91,464 · 0.02%
2023$77,924 · 0.02%
2022$86,133 · 0.03%
Same employer
Similar plansReal Estate & Leasing · Florida
The Hertz Corporation FL$637.8M · 0.10%
Rpc, Inc. FL$326.1M · 0.09%
Regency Centers FL$191.3M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 136174127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.