What are the fees in the Hi Pro, Inc. Profit-sharing plan plan?

For plan year 2022, Hi Pro, Inc. reported $31,228 in plan administrative expenses, or 1.99% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

How much does Hi Pro, Inc. contribute to its Profit-sharing plan?

In 2022, employer contributions to the Hi Pro, Inc. plan averaged $1,796 per active participant, above the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Hi Pro, Inc. 401(k)?

The average participant account balance was $4,492 for plan year 2022, based on 282 accounts.

Hi Pro, Inc.Profit-sharing plan

Name: Hi Pro, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

HI-PRO, INC. PREVAILING WAGE PLAN · TWENTYNINE PALMS, CA · plan year 2022

Reported admin expense ratio · 2022

1.99%

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

Hi Pro, Inc. reported $31,228 in plan administrative expenses for 2022: 1.99% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,796 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (8,677th of 9,483), and 11,156th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$1,266,630
Participants with balances282
Active participants198
Employer contributions$355,661
Employee contributions—
Employer contribution per active participant$1,796
Average account balance$4,492
Benefits paid to participants$725,556
Plan auditUnmodified (clean) audit opinion
AuditorLANCE, SOLL & LUNGHARD, LLP

Plan history2

Yearassets · accounts · employer contribution

2023$0 · $11K emplr

2022$1.3M · 282 accts · $356K emplr

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$31,228

Total administrative$31,228

Employer contributions to the Hi Pro, Inc. plan · 2022

Employer contribution per active participant$1,796

Median for plans this size$1,114

Hi Pro, Inc.'s 2022 employer contribution ran above the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2

2023Not separately reported

2022$31,228 · 1.99%

Same employer

Hi Pro, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 460926399 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.