Plan Ledger DOL Form 5500 · updated monthly

Hilco Transport, Inc.401(k)

HILCO 401(K) PROFIT SHARING PLAN · GREENSBORO, NC · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Hilco Transport, Inc. reported $93,599 in plan administrative expenses for 2023: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,160 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 1 year on file its reported administrative ratio rose from 0.39% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 810th-largest of 2,005 plans among North Carolina employers on file, and the 837th of 2,677 in transportation & warehousing. In 2023, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,929,906
Participants with balances368
Active participants598
Employer contributions$693,883
Employee contributions$1,077,145
Employer contribution per active participant$1,160
Average account balance$46,005
Benefits paid to participants$1,395,624
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON AND COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$16.9M · 368 accts · $694K emplr
2022$13.9M · 334 accts · $563K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$54,674
Investment management$38,925
Total administrative$93,599
The Hilco Transport, Inc. 401(k) match · 2023
Employer contribution per active participant$1,160
Median for plans this size$2,440
2023$1,160 per active participant
2022$1,755 per active participant

Hilco Transport, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$33,395
AMERICAN TRUST COMPANY · Recordkeeping · Consulting$25,470
FIRST NATIONAL TRUST COMPANY · Investment advisory (plan)$18,637
FUND DIRECT ADVISORS · Investment advisory (plan) · Investment advisory (participants)$10,427

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

Administrative cost history2
2023$93,599 · 0.61%
2022$58,268 · 0.39%
Same employer
Similar plansTransportation & Warehousing · North Carolina
Hilco Holdings, Inc. NC$19.7M · 0.64%
Freight Handlers, Inc. NC$18.2M · 0.08%
McNeely Companies NC$17.2M · 0.58%
Best Services Group, Inc. NC$16.2M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561561274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.