Plan Ledger DOL Form 5500 · updated monthly

Hissong Group, Inc.401(k)

HISSONG GROUP, INC. & SUBSIDIARIES 401(K) RETIREMENT SAVINGS PLAN · BATH, OH · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Hissong Group, Inc. reported $34,513 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $1,499 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 rose from 0.23% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (1,964th of 3,295), and the 2,573rd of 5,215 in retail trade. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 175 to 198 since 2022.

Plan summary
Net assets, end of year$10,338,947
Participants with balances160
Active participants198
Employer contributions$296,794
Employee contributions$554,206
Employer contribution per active participant$1,499
Average account balance$64,618
Benefits paid to participants$1,070,964
Plan auditUnmodified (clean) audit opinion
AuditorMCMANUS, DOSEN & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 160 accts · $297K emplr
2023$8.9M · 159 accts · $287K emplr
2022$6.8M · 130 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,992
Investment management$15,617
Trustee / custodial$2,904
Total administrative$34,513
The Hissong Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,499
Median for plans this size$1,313
2024$1,499 per active participant
2023$1,433 per active participant
2022$1,234 per active participant

Hissong Group, Inc.'s 2024 employer contribution ran above the $1,313 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
NEWPORT GROUP, INC. · Recordkeeping · Consulting$15,992
HUNTINGTON NATIONAL BANK · Accounting / audit · Plan administrator$15,617

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

Recordkeeper by year2
2024HUNTINGTON NATIONAL BANK, Newport (Ascensus)
2023HUNTINGTON NATIONAL BANK, Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$34,513 · 0.36%
2023$61,406 · 0.78%
2022$18,192 · 0.23%
Same employer
Similar plansRetail Trade · Ohio
Bob Boyd Auto Family OH$10.9M · 0.58%
Beck Suppliers, Inc. OH$10.7M · 0.67%
Icp, Inc. OH$10.6M · 0.59%
Mta Investments, Inc. OH$10.4M · 1.24%
Metro Toyota OH$9.9M · 0.43%
Pure Romance, LLC OH$9.9M · 0.59%
Remke Markets, Inc. OH$9.8M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341262196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.