Plan Ledger DOL Form 5500 · updated monthly

High Power Technical Services, Inc.401(k)

HIGH POWER TECHNICAL SERVICES, INC. RETIREMENT SAVINGS PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

High Power Technical Services, Inc. reported $61,090 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,203 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 0.89% to 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Kentucky (580th of 871), and 1,750th of 2,199 in information & media. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has shrunk from 133 to 106 since 2022.

Plan summary
Net assets, end of year$6,694,174
Participants with balances174
Active participants106
Employer contributions$127,531
Employee contributions$360,286
Employer contribution per active participant$1,203
Average account balance$38,472
Benefits paid to participants$500,724
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 174 accts · $128K emplr
2023$5.9M · 191 accts · $126K emplr
2022$5.1M · 200 accts · $131K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,860
Investment management$1,230
Total administrative$61,090
The High Power Technical Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,203
Median for plans this size$1,313
2024$1,203 per active participant
2023$1,015 per active participant
2022$986 per active participant

High Power Technical Services, Inc.'s 2024 employer contribution ran below 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 · 20243
JOHN HANCOCK LIFE INS. COMP. · Recordkeeping · Investment management$5,152
CREATIVE RETIREMENT SYSTEMS, INC. · Plan administrator · Pension consulting$6,700
WILLSHIRE ASSOCIATES · Investment advisory (participants)$1,230

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$61,090 · 0.97%
2023$53,142 · 0.97%
2022$49,576 · 0.89%
Similar plansInformation & Media · Kentucky
Viamedia, Inc. KY$11.0M · 0.52%
Qsr Automations, Inc. KY$9.4M · 0.56%
Venminder, Inc. KY$9.3M · 0.19%
Techforce Telecom Inc. KY$848K · 0.57%
Interapt, LLC KY$705K · 2.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611340009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.