Plan Ledger DOL Form 5500 · updated monthly

Hm Electronics, Inc.401(k)

HME RETIREMENT SAVINGS PLAN · CARLSBAD, CA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Hm Electronics, Inc. reported $106,140 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $2,439 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 0.12%. 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 1,098th-largest of 9,483 plans among California employers on file, and the 2,052nd of 13,661 in manufacturing. In 2024, employees put in $3.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$89,736,004
Participants with balances938
Active participants762
Employer contributions$1,858,820
Employee contributions$6,123,196
Employer contribution per active participant$2,439
Average account balance$95,667
Benefits paid to participants$11,595,560
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$89.7M · 938 accts · $1.9M emplr
2023$82.8M · 914 accts · $1.8M emplr
2022$70.4M · 838 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,139
Investment management$63,001
Total administrative$106,140
The Hm Electronics, Inc. 401(k) match · 2024
Employer contribution per active participant$2,439
Median for plans this size$3,635
2024$2,439 per active participant
2023$2,248 per active participant
2022$2,195 per active participant

Hm Electronics, 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 · 20243
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$50,552
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,139
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,449

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$106,140 · 0.12%
2023$87,873 · 0.11%
2022$96,711 · 0.13%
Same employer
Similar plansManufacturing · California
Boyd Corporation, Inc. CA$92.3M · 0.36%
Producers Dairy Foods Inc. CA$92.3M · 0.21%
F. Korbel & Bros. CA$89.8M · 0.02%
Ossur Americas, Inc. CA$88.5M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952702218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.