Plan Ledger DOL Form 5500 · updated monthly

Hireology, Inc.401(k)

HIREOLOGY, INC. 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Hireology, Inc. reported $51,893 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,393 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 0.71% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Illinois (2,156th of 3,702), and 1,334th of 2,199 in information & media. In 2024, employees put in $5.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,664,876
Participants with balances258
Active participants175
Employer contributions$243,712
Employee contributions$1,412,414
Employer contribution per active participant$1,393
Average account balance$49,089
Benefits paid to participants$1,432,178
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 258 accts · $244K emplr
2023$10.7M · 260 accts · $244K emplr
2022$7.6M · 280 accts · $254K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,913
Investment management$19,980
Total administrative$51,893
The Hireology, Inc. 401(k) match · 2024
Employer contribution per active participant$1,393
Median for plans this size$2,416
2024$1,393 per active participant
2023$1,479 per active participant
2022$1,378 per active participant

Hireology, Inc.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$31,913
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$19,980

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$51,893 · 0.44%
2023$53,255 · 0.58%
2022$56,569 · 0.71%
Same employer
Similar plansInformation & Media · Illinois
Legacy.com, Inc. IL$16.6M · 0.30%
Omeda Holdings, LLC IL$15.5M · 0.02%
Elm IL$14.2M · 0.53%
Small Newspaper Group, Inc. IL$13.6M · 0.31%
Chicago Review Press, Inc. IL$12.4M · 0.55%
Callpod, Inc. IL$12.2M · 0.05%
J.J. Collins' Sons, Inc. IL$11.7M · 0.43%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 272399865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.