Plan Ledger DOL Form 5500 · updated monthly

Hoffman Homes, Inc.403(b)

403(B) THRIFT PLAN FOR EMPLOYEES OF HOFFMAN HOMES, INC. · LITTLESTOWN, PA · plan year 2024

Reported admin expense ratio · 2024
0.95%

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

Hoffman Homes, Inc. reported $24,419 in plan administrative expenses for 2024: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $213 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 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (3,222nd of 3,651), and 9,478th of 11,911 in health care & social assistance. In 2024, employees put in $5.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,719,778
Participants with balances200
Active participants163
Employer contributions$34,764
Employee contributions$183,077
Employer contribution per active participant$213
Average account balance$13,599
Benefits paid to participants$221,560
Plan auditUnmodified (clean) audit opinion
AuditorSMITH ELLIOTT KEARNS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 200 accts · $35K emplr
2023$2.4M · 206 accts · $25K emplr
2022$2.0M · 214 accts · $21K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,615
Investment management$2,804
Total administrative$24,419
Employer contributions to the Hoffman Homes, Inc. plan · 2024
Employer contribution per active participant$213
Median for plans this size$1,313
2024$213 per active participant
2023$143 per active participant
2022$130 per active participant

Hoffman Homes, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
NEWPORT GROUP, INC. · Recordkeeping$24,419

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$24,419 · 0.95%
2023$20,926 · 0.95%
2022$23,306 · 0.96%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Tyrone Hospital PA$2.8M · 1.32%
Pennsylvania Ambulance PA$2.6M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232732296 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.