Plan Ledger DOL Form 5500 · updated monthly

Hg Ms Admin, LLC401(k)

HERRIN-GEAR AUTOPLEX 401(K) PLAN · JACKSON, MS · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Hg Ms Admin, LLC reported $41,184 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,419 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 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Mississippi (221st of 367), and 3,427th of 5,215 in retail trade. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 140 to 227 since 2022.

Plan summary
Net assets, end of year$6,293,072
Participants with balances145
Active participants227
Employer contributions$322,112
Employee contributions$633,027
Employer contribution per active participant$1,419
Average account balance$43,400
Benefits paid to participants$1,304,477
Plan auditUnmodified (clean) audit opinion
AuditorBMSS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 145 accts · $322K emplr
2023$6.0M · 154 accts · $180K emplr
2022$5.0M · 174 accts · $208K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,923
Investment management$18,261
Total administrative$41,184
The Hg Ms Admin, LLC 401(k) match · 2024
Employer contribution per active participant$1,419
Median for plans this size$1,313
2024$1,419 per active participant
2023$1,406 per active participant
2022$1,483 per active participant

Hg Ms Admin, LLC's 2024 employer contribution ran above the $1,313 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
MWG RETIREMENT PLAN SERVICES · Recordkeeping$22,923
BALLEW ADVISORS$18,261

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

Recordkeeper by year2
2024MWG RETIREMENT PLAN SERVICES
2023MWG RETIREMENT PLAN SERVICES

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

Administrative cost history3
2024$41,184 · 0.67%
2023$37,045 · 0.67%
2022$33,846 · 0.65%
Similar plansRetail Trade · Mississippi
Cannon Chevrolet Cadillac MS$9.4M · 1.08%
Roberts Company, Inc. MS$9.3M · 0.88%
Victory Marketing, LLC MS$5.3M · 0.40%
D & H Company MS$4.2M · 1.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851217877 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.