Plan Ledger DOL Form 5500 · updated monthly

Highland Baking Company, Inc.401(k)

HIGHLAND BAKING COMPANY, INC. 401(K) PROFIT SHARING PLAN · NORTHBROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Highland Baking Company, Inc. reported $69,289 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,055 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 0.32% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,794th-largest of 3,702 plans among Illinois employers on file, and the 6,337th of 13,661 in manufacturing. In 2024, employees put in $2.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,019,002
Participants with balances441
Active participants469
Employer contributions$494,980
Employee contributions$1,213,899
Employer contribution per active participant$1,055
Average account balance$40,859
Benefits paid to participants$2,360,966
Plan auditUnmodified (clean) audit opinion
AuditorRSM
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 441 accts · $495K emplr
2023$16.6M · 486 accts · $573K emplr
2022$14.4M · 511 accts · $606K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,126
Investment management$4,163
Total administrative$69,289
The Highland Baking Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,055
Median for plans this size$2,416
2024$1,055 per active participant
2023$1,342 per active participant
2022$1,306 per active participant

Highland Baking Company, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
ADP, INC. · Loan processing · Recordkeeping$9,060
ADP, INC. · Loan processing · Recordkeeping$9,060
ADP, INC. · Loan processing · Recordkeeping$9,060
ADP BROKER-DEALERindirect comp
ADP BROKER-DEALERindirect comp
ADP BROKER-DEALERindirect comp

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$69,289 · 0.40%
2023$66,226 · 0.43%
2022$53,679 · 0.32%
Same employer
Similar plansManufacturing · Illinois
Multitech Industries, LLC IL$18.2M · 0.26%
The Partner Companies LLC IL$18.1M · 0.71%
Potomac Corporation IL$18.0M · 0.31%
The Republic of Tea, Inc. IL$17.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363302013 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.