Plan Ledger DOL Form 5500 · updated monthly

Hoober, Inc.401(k)

HOOBER, INC. PROFIT SHARING/401(K) PLAN · INTERCOURSE, PA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Hoober, Inc. reported $74,372 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,727 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 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 956th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,032nd of 4,246 in wholesale trade. In 2024, employees put in $1.34 for every $1.00 the employer contributed; active participation has grown from 301 to 361 since 2022.

Plan summary
Net assets, end of year$40,182,480
Participants with balances383
Active participants361
Employer contributions$984,384
Employee contributions$1,321,849
Employer contribution per active participant$2,727
Average account balance$104,915
Benefits paid to participants$2,347,949
Plan auditUnmodified (clean) audit opinion
AuditorBROWN SCHULTZ SHERIDAN FRITZ
Plan history3
Yearassets · accounts · employer contribution
2024$40.2M · 383 accts · $984K emplr
2023$35.0M · 374 accts · $956K emplr
2022$29.4M · 345 accts · $843K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,860
Investment management$37,317
Trustee / custodial$11,195
Total administrative$74,372
The Hoober, Inc. 401(k) match · 2024
Employer contribution per active participant$2,727
Median for plans this size$2,416
2024$2,727 per active participant
2023$2,641 per active participant
2022$2,801 per active participant

Hoober, Inc.'s 2024 employer contribution ran above the $2,416 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
NEWPORT GROUP, INC. · Recordkeeping$25,860
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$37,317
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$11,195

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$74,372 · 0.20%
2023$60,693 · 0.19%
2022$60,336 · 0.19%
Same employer
Similar plansWholesale Trade · Pennsylvania
Lift, Inc. PA$41.0M
Modern Group LTD. PA$40.8M · 0.14%
Aramsco, Inc. PA$40.8M · 0.22%
Koa Speer Electronics, Inc. PA$40.1M · 0.02%
Triad Metals PA$38.0M

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Source: U.S. Department of Labor, Form 5500 series, EIN 204046036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.