Plan Ledger DOL Form 5500 · updated monthly

Hiffman Shaffer Associates, Inc.401(k)

NAI HIFFMAN 401K PLAN · OAKBROOK TERRACE, IL · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Hiffman Shaffer Associates, Inc. reported $63,657 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,571 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 0.71% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Illinois (2,245th of 3,702), and the 1,007th of 2,096 in real estate & leasing. In 2024, employees put in $4.35 for every $1.00 the employer contributed; active participation has grown from 177 to 198 since 2022.

Plan summary
Net assets, end of year$11,755,424
Participants with balances230
Active participants198
Employer contributions$311,117
Employee contributions$1,353,361
Employer contribution per active participant$1,571
Average account balance$51,111
Benefits paid to participants$892,261
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 230 accts · $311K emplr
2023$9.6M · 225 accts · $286K emplr
2022$7.2M · 208 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,422
Investment management$26,235
Total administrative$63,657
The Hiffman Shaffer Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$1,571
Median for plans this size$2,416
2024$1,571 per active participant
2023$1,523 per active participant
2022$901 per active participant

Hiffman Shaffer Associates, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$37,422
WELLTH ADVISORY SERVICES, LLC · Consulting · Investment advisory (plan)$13,881
GLOBAL RETIREMENT PARTNERS, LLC · Consulting · Investment advisory (plan)$12,354

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$63,657 · 0.60%
2023$58,420 · 0.70%
2022$53,524 · 0.71%
Similar plansReal Estate & Leasing · Illinois
Sterling Bay, LLC IL$14.7M · 0.43%
Persevere, LLC IL$14.2M · 0.22%
Marquette Management, Inc. IL$14.1M · 0.56%
Sudler and Company, Inc. IL$11.9M · 0.03%
Axiom Properties, Inc. IL$10.8M · 0.58%
Francotyp-Postalia Inc IL$10.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364333797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.