Plan Ledger DOL Form 5500 · updated monthly

Hood Packaging Corporation401(k)

HOOD PACKAGING CORPORATION SALARY SAVINGS PLAN · MADISON, MS · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Hood Packaging Corporation reported $147,380 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,202 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 fell from 0.18% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 27th-largest of 367 plans among Mississippi employers on file, and the 1,862nd of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 1,021 to 1,425 since 2022.

Plan summary
Net assets, end of year$103,846,511
Participants with balances1,553
Active participants1,425
Employer contributions$3,137,236
Employee contributions$6,004,821
Employer contribution per active participant$2,202
Average account balance$66,868
Benefits paid to participants$14,227,790
Plan auditUnmodified (clean) audit opinion
AuditorHORNE
Plan history3
Yearassets · accounts · employer contribution
2024$103.8M · 1,553 accts · $3.1M emplr
2023$94.4M · 1,431 accts · $3.1M emplr
2022$68.8M · 1,098 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$147,380
Total administrative$147,380
The Hood Packaging Corporation 401(k) match · 2024
Employer contribution per active participant$2,202
Median for plans this size$3,635
2024$2,202 per active participant
2023$2,216 per active participant
2022$2,271 per active participant

Hood Packaging Corporation's 2024 employer contribution ran below 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$147,380
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan) · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$147,380 · 0.15%
2023$136,420 · 0.17%
2022$132,086 · 0.18%
All plans at this employer2
HOOD PACKAGING CORPORATION HOURLY EMPLOYEES 401(K) PLAN401(k)
HOOD PACKAGING CORPORATION SALARY SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · Mississippi
Cal-Maine Foods, Inc. MS$291.2M · 0.09%
Atlas Roofing Corporation MS$196.1M · 0.15%
Lt Corporation, Inc. MS$160.5M · 0.02%
Howard Industries, Inc. MS$88.0M · 0.18%
Hood Industries, Inc. MS$72.0M · 0.18%
Jones Companies, LLC MS$44.2M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362891497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.