Plan Ledger DOL Form 5500 · updated monthly

Hopkinsville Elevator Company, Inc.401(k)

HOPKINSVILLE ELEVATOR COMPANY 401(K) PLAN · HOPKINSVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Hopkinsville Elevator Company, Inc. reported $38,389 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,521 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 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 350th-largest of 871 plans among Kentucky employers on file, and 6,858th of 13,661 in manufacturing. In 2024, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,827,025
Participants with balances160
Active participants158
Employer contributions$398,347
Employee contributions$698,290
Employer contribution per active participant$2,521
Average account balance$98,919
Benefits paid to participants$988,686
Plan auditUnmodified (clean) audit opinion
AuditorSTONE,RUDOLPH&HENRY,PLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 160 accts · $398K emplr
2023$14.1M · 164 accts · $429K emplr
2022$11.3M · 161 accts · $445K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,450
Investment management$36,939
Total administrative$38,389
The Hopkinsville Elevator Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,521
Median for plans this size$2,416
2024$2,521 per active participant
2023$3,024 per active participant
2022$3,049 per active participant

Hopkinsville Elevator Company, 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 · 20242
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$36,939
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,450

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$38,389 · 0.26%
2023$31,831 · 0.25%
2022$30,965 · 0.25%
Similar plansManufacturing · Kentucky
Wright Implement 1, LLC KY$16.9M · 0.42%
T.Rad North America, Inc. KY$16.5M · 0.78%
Derby Industries, LLC KY$16.3M · 0.12%
Algood Food Company KY$16.0M · 0.04%
Carbide Industries, LLC KY$14.9M · 0.46%
Aichi Forge USA, Inc. KY$14.8M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610674058 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.