Plan Ledger DOL Form 5500 · updated monthly

Hiossen, Inc.401(k)

HIOSSEN, INC. RETIREMENT PLAN · FAIRLESS HILLS, PA · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Hiossen, Inc. reported $86,114 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,449 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 3 years on file its reported administrative ratio has held roughly steady near 1.005%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (2,267th of 3,651), and 8,675th of 13,661 in manufacturing. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 283 to 374 since 2022.

Plan summary
Net assets, end of year$10,230,237
Participants with balances315
Active participants374
Employer contributions$916,032
Employee contributions$1,690,027
Employer contribution per active participant$2,449
Average account balance$32,477
Benefits paid to participants$398,797
Plan auditUnmodified (clean) audit opinion
AuditorKLICHS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 315 accts · $916K emplr
2023$6.9M · 275 accts · $653K emplr
2022$4.4M · 227 accts · $565K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,114
Total administrative$86,114
The Hiossen, Inc. 401(k) match · 2024
Employer contribution per active participant$2,449
Median for plans this size$1,313
2024$2,449 per active participant
2023$1,933 per active participant
2022$1,996 per active participant

Hiossen, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$86,113
NEXT FINANCIAL GROUP INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$86,114 · 1.01%
2023$56,902 · 1.01%
2022$42,413 · 1.01%
Same employer
Similar plansManufacturing · Pennsylvania
Keystone Technologies, LLC PA$10.4M · 0.59%
La Colombe Holdings, Inc. PA$10.3M · 0.76%
Martin's Snacks PA$10.3M · 0.40%
Sippel Co., Inc. PA$10.1M · 0.04%
Reitnouer, Inc. PA$10.1M · 0.70%
Stein Seal Company PA$10.1M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204077874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.