What are the fees in the Highway Products, Inc. 401(k) plan?

For plan year 2022, Highway Products, Inc. reported $25,793 in plan administrative expenses, or 1.12% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the Highway Products, Inc. 401(k) match?

In 2022, employer contributions to the Highway Products, Inc. plan averaged $1,323 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 Highway Products, Inc. 401(k)?

The average participant account balance was $27,825 for plan year 2022, based on 82 accounts.

Highway Products, Inc.401(k)

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

HIGHWAY PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST · WHITE CITY, OR · plan year 2022

Reported admin expense ratio · 2022

1.12%

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

Highway Products, Inc. reported $25,793 in plan administrative expenses for 2022: 1.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,323 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 manufacturing employers. By assets it is among the smaller plans on file in Oregon (889th of 1,021), and 12,688th of 13,661 in manufacturing. In 2022, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,281,640
Participants with balances82
Active participants127
Employer contributions$167,982
Employee contributions$288,813
Employer contribution per active participant$1,323
Average account balance$27,825
Benefits paid to participants$83,744
Plan auditDisclaimer of opinion
AuditorDAHLIN ACCOUNTING & CONSULTING LLC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$25,793

Total administrative$25,793

The Highway Products, Inc. 401(k) match · 2022

Employer contribution per active participant$1,323

Median for plans this size$1,114

Highway Products, 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 history1

2022$25,793 · 1.12%

Similar plansManufacturing · Oregon
Salt & Straw LLC OR$2.8M · 1.56%
Northwest Technologies, Inc. OR$2.7M · 0.93%
Masami Foods, Inc. OR$2.7M · 0.91%
Vinyl Northwest, LLC dba Pella-Vinyl Portland Operations OR$2.3M · 0.06%
Ninkasi Brewing Company, LLC OR$2.1M · 0.95%
9WOOD, Inc. OR$1.8M · 0.42%
Betty Lou's, Inc. OR$1.8M · 1.11%
Interstate Meat Distributors, Inc. OR$1.8M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930931066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.