Plan Ledger DOL Form 5500 · updated monthly

Hi-Lo Industries, Inc.401(k)

HI-LO INDUSTRIES, INC. 401(K) PLAN · CHANUTE, KS · plan year 2023

Reported admin expense ratio · 2023
0.24%

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

Hi-Lo Industries, Inc. reported $11,728 in plan administrative expenses for 2023: 0.24% of average plan assets, below the peer median. Employer contributions averaged $569 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 0.24% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kansas (632nd of 828), and 10,866th of 13,661 in manufacturing. In 2023, employees put in $3.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,656,406
Participants with balances191
Active participants220
Employer contributions$125,218
Employee contributions$410,041
Employer contribution per active participant$569
Average account balance$29,615
Benefits paid to participants$334,898
Plan auditUnmodified (clean) audit opinion
AuditorALLEN GIBBS & HOULIK LC
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 167 accts · $137K emplr
2023$5.7M · 191 accts · $125K emplr
2022$4.3M · 187 accts · $127K emplr
Administrative expenses, itemized · 2023
Investment management$11,728
Total administrative$11,728
The Hi-Lo Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$569
Median for plans this size$1,308
2024$665 per active participant
2023$569 per active participant
2022$555 per active participant

Hi-Lo Industries, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$11,718
EGPS · Contract administrator$4,350
CAPITAL GROUP RETIREMENT PLAN SERVI$860

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$14,871 · 0.27%
2023$11,728 · 0.24%
2022$11,098 · 0.24%
Same employer
Similar plansManufacturing · Kansas
Peerless Products, Inc. KS$6.0M · 0.28%
Atec Steel, LLC KS$5.9M · 0.53%
Fruhauf Uniforms, Inc. KS$5.8M · 0.37%
Hess Services, Inc. KS$5.7M · 0.86%
Universal Products, Inc. KS$5.5M · 0.51%
Orange Ev LLC KS$5.3M · 1.21%
Farrar Corporation KS$5.2M · 0.82%
Legacy Technologies LLC KS$5.2M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480846941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.