Plan Ledger DOL Form 5500 · updated monthly

Hoar Holdings, LLC401(k)

HOAR HOLDINGS, LLC 401(K) RETIREMENT PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Hoar Holdings, LLC reported $128,605 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $3,678 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 0.108%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 58th-largest of 902 plans among Alabama employers on file, and the 503rd of 5,337 in construction. In 2024, employees put in $2.92 for every $1.00 the employer contributed; active participation has grown from 687 to 870 since 2022.

Plan summary
Net assets, end of year$128,096,133
Participants with balances1,019
Active participants870
Employer contributions$3,200,000
Employee contributions$9,355,669
Employer contribution per active participant$3,678
Average account balance$125,708
Benefits paid to participants$10,792,955
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$128.1M · 1,019 accts · $3.2M emplr
2023$109.9M · 904 accts · $1.8M emplr
2022$92.5M · 834 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,605
Total administrative$128,605
The Hoar Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$3,678
Median for plans this size$3,635
2024$3,678 per active participant
2023$2,423 per active participant
2022$2,360 per active participant

Hoar Holdings, LLC's 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$128,277

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$128,605 · 0.11%
2023$104,690 · 0.10%
2022$104,434 · 0.11%
Same employer
Similar plansConstruction · Alabama
Brasfield & Gorrie, L.L.C. AL$492.9M · 0.04%
Robins & Morton AL$221.7M · 0.13%
Dunn Investment Company AL$94.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460789358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.