Plan Ledger DOL Form 5500 · updated monthly

Hewson & van Hellemont, P.C.401(k)

HEWSON & VAN HELLEMONT, P.C. 401(K) PROFIT SHARING PLAN · OAK PARK, MI · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Hewson & van Hellemont, P.C. reported $48,260 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $4,769 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 rose from 0.02% to 0.37%. 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 the 1,290th-largest of 2,619 plans among Michigan employers on file, and 6,777th of 11,654 in professional & technical services. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,176,208
Participants with balances133
Active participants94
Employer contributions$448,318
Employee contributions$901,984
Employer contribution per active participant$4,769
Average account balance$106,588
Benefits paid to participants$514,330
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 133 accts · $448K emplr
2023$11.7M · 139 accts · $437K emplr
2022$9.3M · 130 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,260
Total administrative$48,260
The Hewson & van Hellemont, P.C. 401(k) match · 2024
Employer contribution per active participant$4,769
Median for plans this size$2,416
2024$4,769 per active participant
2023$4,202 per active participant
2022$4,398 per active participant

Hewson & van Hellemont, P.C.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSRUANCE COMPANY · Contract administrator · Loan processing$48,940
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp
MICHIGAN BENEFIT CONSULTING, INC. · 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$48,260 · 0.37%
2023$2,321 · 0.02%
2022$2,283 · 0.02%
Same employer
Similar plansProfessional & Technical Services · Michigan
Kpit Technologies Inc. MI$14.7M · 0.85%
Technosoft Corporation MI$14.3M · 0.37%
Witzenmann USA, LLC MI$14.3M · 0.15%
Millennium Software MI$14.3M · 0.43%
Jacobsen/Daniels Associates MI$13.9M · 0.07%
Orlans P.C. MI$13.7M · 0.59%
Mms Holdings Inc MI$13.7M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382964195 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.