Plan Ledger DOL Form 5500 · updated monthly

Hoist & Crane Service Group, Inc.401(k)

HOIST & CRANE SERVICE GROUP, INC. 401K RETIREMENT SAVINGS PLAN · JEFFERSON, LA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Hoist & Crane Service Group, Inc. reported $46,038 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $897 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 0.20% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 251st-largest of 884 plans among Louisiana employers on file, and the 1,058th of 3,341 in other services. In 2024, employees put in $5.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,078,024
Participants with balances560
Active participants447
Employer contributions$400,878
Employee contributions$2,321,375
Employer contribution per active participant$897
Average account balance$35,854
Benefits paid to participants$2,928,175
Plan auditUnmodified (clean) audit opinion
AuditorERICKSEN KRENTEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.1M · 560 accts · $401K emplr
2023$18.2M · 631 accts · $393K emplr
2022$14.8M · 551 accts · $303K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,753
Investment management$20,285
Total administrative$46,038
The Hoist & Crane Service Group, Inc. 401(k) match · 2024
Employer contribution per active participant$897
Median for plans this size$2,416
2024$897 per active participant
2023$789 per active participant
2022$650 per active participant

Hoist & Crane Service Group, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,753
STOKES FAMILY OFFICE LLC · Investment advisory (plan)$20,285

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$46,038 · 0.24%
2023$56,889 · 0.35%
2022$32,761 · 0.20%
Same employer
Similar plansOther Services · Louisiana
Fleetcor Technologies, Inc. LA$275.0M · 0.21%
Reme, LLC LA$18.8M · 0.07%
Mount Carmel Academy, Inc. LA$13.5M · 0.04%
Lsu Foundation LA$13.5M · 0.32%
Alfred Conhagen, Inc. of La LA$12.1M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720961967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.