Plan Ledger DOL Form 5500 · updated monthly

Hines Corporation401(k)

HINES CORPORATION 401(K) PLAN · SPRING LAKE, MI · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Hines Corporation reported $76,031 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,706 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 0.28% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 726th-largest of 2,619 plans among Michigan employers on file, and the 348th of 786 in management of companies. In 2024, employees put in $3.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,155,076
Participants with balances418
Active participants343
Employer contributions$585,310
Employee contributions$2,096,105
Employer contribution per active participant$1,706
Average account balance$79,318
Benefits paid to participants$2,750,067
Plan auditUnmodified (clean) audit opinion
AuditorBRICKLEY DELONG, PC
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 418 accts · $585K emplr
2023$28.3M · 415 accts · $549K emplr
2022$24.6M · 423 accts · $522K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,713
Total administrative$76,031
The Hines Corporation 401(k) match · 2024
Employer contribution per active participant$1,706
Median for plans this size$2,416
2024$1,706 per active participant
2023$1,643 per active participant
2022$1,439 per active participant

Hines Corporation'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$48,713
CERITY PARTNERS RETIREMENT SERVICE · Investment advisory (plan)$27,318

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$76,031 · 0.25%
2023$68,075 · 0.26%
2022$77,150 · 0.28%
Same employer
Similar plansManagement of Companies · Michigan
Rdv Corporation MI$40.7M · 0.24%
Esi-Us Holdings, Inc. MI$34.3M · 0.15%
Mno-Bmadsen MI$22.4M · 0.09%
Atmosphere Group, Inc. MI$18.6M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382743320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.