Plan Ledger DOL Form 5500 · updated monthly

Horizon Communications, Inc.ESOP

HORIZON COMMUNICATIONS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · FREEDOM, WY · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Horizon Communications, Inc. reported $63,503 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $16,537 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 0.39% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 36th-largest of 81 plans among Wyoming employers on file, and 1,390th of 2,199 in information & media. active participation has grown from 101 to 116 since 2022.

Plan summary
Net assets, end of year$11,866,724
Participants with balances135
Active participants116
Employer contributions$1,918,282
Employee contributions—
Employer contribution per active participant$16,537
Average account balance$87,902
Benefits paid to participants$401,896
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 135 accts · $1.9M emplr
2023$10.0M · 117 accts
2022$10.4M · 122 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,299
Audit (IQPA)$21,750
Trustee / custodial$84
Total administrative$63,503
Employer contributions to the Horizon Communications, Inc. plan · 2024
Employer contribution per active participant$16,537
Median for plans this size$2,416

Horizon Communications, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20245
DEMARS PENSION CONSULTING · Recordkeeping$14,820
WSRP CERTIFIED PUBLIC ACCOUNTANTS · Accounting / audit$21,750
STERN BORTHERS VALUATION ADVISORS · Valuation$12,950
TRANSITION FINANCIAL SERVICES, LLC$6,844

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

Recordkeeper by year2
2024DEMARS PENSION CONSULTING
2023DEMARS PENSION CONSULTING

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

Administrative cost history3
2024$63,503 · 0.58%
2023$55,180 · 0.54%
2022$36,928 · 0.39%
Similar plansInformation & Media · Wyoming
Union Telephone Company WY$25.1M · 0.04%
Eastern National PA$11.9M · 0.14%
Ip Services, Inc. PA$11.9M · 0.46%
Rigetti & Co, Inc. CA$11.9M · 0.12%
Zeomega, Inc. TX$11.9M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203083371 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.