Plan Ledger DOL Form 5500 · updated monthly

Heroux Corp.401(k)

HEROUX CORP. 401(K) RETIREMENT PLAN · STRONGSVILLE, OH · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Heroux Corp. reported $79,590 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,003 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 0.315%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,062nd-largest of 3,295 plans among Ohio employers on file, and the 4,898th of 13,661 in manufacturing. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has grown from 265 to 308 since 2022.

Plan summary
Net assets, end of year$26,744,942
Participants with balances394
Active participants308
Employer contributions$616,905
Employee contributions$1,645,647
Employer contribution per active participant$2,003
Average account balance$67,881
Benefits paid to participants$2,519,008
Plan auditUnmodified (clean) audit opinion
AuditorSCROGGINSGREAR
Plan history3
Yearassets · accounts · employer contribution
2024$26.7M · 394 accts · $617K emplr
2023$23.9M · 379 accts · $545K emplr
2022$20.2M · 360 accts · $547K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,723
Investment management$41,867
Total administrative$79,590
The Heroux Corp. 401(k) match · 2024
Employer contribution per active participant$2,003
Median for plans this size$2,416
2024$2,003 per active participant
2023$1,898 per active participant
2022$2,066 per active participant

Heroux Corp.'s 2024 employer contribution ran below the $2,416 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
EMPOWER ADVISORY GROUP, LLC · Investment management$25,432
FIFTH THIRD BANK · Investment advisory (plan)$16,435

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$79,590 · 0.31%
2023$70,651 · 0.32%
2022$70,995 · 0.31%
Same employer
Similar plansManufacturing · Ohio
Fpc International, Inc. OH$26.9M · 0.01%
Fechheimer Brothers Company OH$26.9M · 0.01%
Matalco (U.S.), Inc. OH$26.8M · 0.49%
Mobis North America, LLC OH$26.7M · 0.72%
Jergens, Inc. OH$26.6M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510304364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.