Plan Ledger DOL Form 5500 · updated monthly

Hni Corporation401(k) + ESOP (KSOP)

HNI CORPORATION PROFIT-SHARING RETIREMENT PLAN · MUSCATINE, IA · plan year 2025

Reported admin expense ratio · 2025
0.04%

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

Hni Corporation reported $558,641 in plan administrative expenses for 2025: 0.04% of average plan assets, below the peer median. Employer contributions averaged $3,746 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 fell from 0.07% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other manufacturing employers. By assets it is the 7th-largest of 878 plans among Iowa employers on file, and the 213th of 13,661 in manufacturing. In 2025, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,586,879,729
Participants with balances11,383
Active participants6,828
Employer contributions$25,576,016
Employee contributions$51,954,514
Employer contribution per active participant$3,746
Average account balance$139,408
Benefits paid to participants$171,357,674
Plan auditUnmodified (clean) audit opinion
AuditorFGMK LLC
Plan history4
Yearassets · accounts · employer contribution
2025$1.6B · 11,383 accts · $25.6M emplr
2024$1.5B · 9,078 accts · $25.4M emplr
2023$1.0B · 9,781 accts · $27.7M emplr
2022$895.0M · 10,732 accts · $72.0M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$370,860
Audit (IQPA)$60,033
Total administrative$558,641
The Hni Corporation 401(k) match · 2025
Employer contribution per active participant$3,746
Median for plans this size$5,084
2025$3,746 per active participant
2024$3,727 per active participant
2023$4,983 per active participant
2022$11,037 per active participant

Hni Corporation's 2025 employer contribution ran below the $5,084 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$388,404
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$127,749
FGMK, LLC · Accounting / audit$60,033

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

Administrative cost history4
2025$558,641 · 0.04%
2024$536,561 · 0.04%
2023$612,636 · 0.06%
2022$688,289 · 0.07%
Same employer
Similar plansManufacturing · Iowa
Aptiv Corporation MI$1.6B · 0.03%
Covestro LLC PA$1.6B · 0.05%
Rpm International Inc. OH$1.6B · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420617510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.