Plan Ledger DOL Form 5500 · updated monthly

Hickey Metal Fabrication & Roofing Co.401(k)

HMF 401K RETIREMENT PLAN · SALEM, OH · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Hickey Metal Fabrication & Roofing Co. reported $3,010 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,752 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 0.05% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,921st of 3,295), and 8,452nd of 13,661 in manufacturing. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,775,499
Participants with balances165
Active participants168
Employer contributions$294,378
Employee contributions$542,688
Employer contribution per active participant$1,752
Average account balance$65,306
Benefits paid to participants$513,290
Plan auditUnmodified (clean) audit opinion
AuditorSCHROEDEL, SCULLIN & BESTIC, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 165 accts · $294K emplr
2023$9.0M · 166 accts · $333K emplr
2022$7.2M · 154 accts · $316K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,010
Total administrative$3,010
The Hickey Metal Fabrication & Roofing Co. 401(k) match · 2024
Employer contribution per active participant$1,752
Median for plans this size$1,313
2024$1,752 per active participant
2023$2,042 per active participant
2022$1,973 per active participant

Hickey Metal Fabrication & Roofing Co.'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
TRINITY PENSION CONSULTANTS, INC. · Contract administrator$2,360
CAPITAL GROUP RETIREMENT PLAN$650

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$3,010 · 0.03%
2023$3,395 · 0.04%
2022$3,905 · 0.05%
Same employer
Similar plansManufacturing · Ohio
Kern-Liebers USA Inc. OH$10.9M · 0.03%
Intigral, Inc. OH$10.9M · 0.17%
Wright Tool Company OH$10.7M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341646546 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.