Plan Ledger DOL Form 5500 · updated monthly

Hirsh Industries Inc401(k)

HIRSH INDUSTRIES, LLC 401(K) RETIREMENT PLAN · WEST DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Hirsh Industries Inc reported $91,885 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,471 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 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 333rd-largest of 878 plans among Iowa employers on file, and the 4,862nd of 13,661 in manufacturing. In 2024, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,030,713
Participants with balances207
Active participants163
Employer contributions$402,767
Employee contributions$1,021,293
Employer contribution per active participant$2,471
Average account balance$130,583
Benefits paid to participants$1,566,910
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 207 accts · $403K emplr
2023$23.7M · 206 accts · $356K emplr
2022$21.1M · 220 accts · $406K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,794
Investment management$41,091
Total administrative$91,885
The Hirsh Industries Inc 401(k) match · 2024
Employer contribution per active participant$2,471
Median for plans this size$2,416
2024$2,471 per active participant
2023$2,082 per active participant
2022$2,281 per active participant

Hirsh Industries Inc's 2024 employer contribution ran above 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
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$82,182
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$50,794

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$91,885 · 0.36%
2023$76,048 · 0.34%
2022$90,444 · 0.37%
Same employer
Similar plansManufacturing · Iowa
Highway Equipment Company IA$29.5M · 0.44%
Winegard Company IA$28.2M · 0.11%
Dee Zee Incorporated IA$27.2M · 0.58%
Owen Industries, Inc. IA$26.8M · 0.42%
Den Hartog Industries, Inc. IA$26.4M · 0.66%
Moveero, Inc. IA$25.3M · 0.08%
Midwest Industries, Inc. IA$22.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421286991 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.