Plan Ledger DOL Form 5500 · updated monthly

Hitchiner Manufacturing Co., Inc.401(k)

HITCHINER MANUFACTURING CO., INC. 401(K) RETIREMENT SAVINGS PLAN · MILFORD, NH · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Hitchiner Manufacturing Co., Inc. reported $45,779 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $2,110 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 0.04% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 66th-largest of 411 plans among New Hampshire employers on file, and the 2,770th of 13,661 in manufacturing. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 512 to 687 since 2022.

Plan summary
Net assets, end of year$59,813,401
Participants with balances538
Active participants687
Employer contributions$1,449,279
Employee contributions$3,020,375
Employer contribution per active participant$2,110
Average account balance$111,177
Benefits paid to participants$4,815,224
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$59.8M · 538 accts · $1.4M emplr
2023$51.7M · 507 accts · $1.3M emplr
2022$46.7M · 479 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,729
Audit (IQPA)$2,050
Total administrative$45,779
The Hitchiner Manufacturing Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,110
Median for plans this size$3,635
2024$2,110 per active participant
2023$2,284 per active participant
2022$2,371 per active participant

Hitchiner Manufacturing Co., Inc.'s 2024 employer contribution ran below the $3,635 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,730

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$45,779 · 0.08%
2023$32,695 · 0.07%
2022$21,704 · 0.04%
Same employer
Similar plansManufacturing · New Hampshire
Resonetics, LLC NH$60.2M · 0.12%
Elektrisola Incorporated NH$58.4M · 0.01%
Creare LLC NH$57.7M · 0.13%
Ferrotec USA Corporation NH$55.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020212349 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.