Plan Ledger DOL Form 5500 · updated monthly

Herren Associates, Inc.401(k)

HERREN ASSOCIATES 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Herren Associates, Inc. reported $43,578 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $3,969 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 0.27% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in District of Columbia (319th of 618), and the 5,170th of 11,654 in professional & technical services. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 126 to 147 since 2022.

Plan summary
Net assets, end of year$22,206,468
Participants with balances213
Active participants147
Employer contributions$583,396
Employee contributions$1,115,249
Employer contribution per active participant$3,969
Average account balance$104,256
Benefits paid to participants$527,937
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 213 accts · $583K emplr
2023$17.7M · 190 accts · $710K emplr
2022$14.2M · 146 accts · $570K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,578
Total administrative$43,578
The Herren Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$3,969
Median for plans this size$2,416
2024$3,969 per active participant
2023$5,144 per active participant
2022$4,525 per active participant

Herren Associates, Inc.'s 2024 employer contribution ran above 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 · 20242
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$7,949
RETIREMENT BENEFIT SOLUTIONS, LLC · Other servicesindirect 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$43,578 · 0.22%
2023$40,540 · 0.25%
2022$42,585 · 0.27%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 541503272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.