Plan Ledger DOL Form 5500 · updated monthly

Horizon Services, Inc.401(k)

HORIZON SERVICES, INC EMPLOYEE RETIREMENT PLAN · HAYWARD, CA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Horizon Services, Inc. reported $6,100 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,035 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 0.14% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (6,500th of 9,483), and 7,113th of 11,911 in health care & social assistance. In 2024, the employer put in $1.62 for every $1.00 employees contributed themselves; active participation has grown from 97 to 128 since 2022.

Plan summary
Net assets, end of year$6,470,057
Participants with balances286
Active participants128
Employer contributions$644,537
Employee contributions$397,375
Employer contribution per active participant$5,035
Average account balance$22,623
Benefits paid to participants$656,741
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 286 accts · $645K emplr
2023$5.3M · 237 accts · $174K emplr
2022$4.5M · 212 accts · $657K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,100
Total administrative$6,100
The Horizon Services, Inc. 401(k) match · 2024
Employer contribution per active participant$5,035
Median for plans this size$1,313
2024$5,035 per active participant
2023$1,836 per active participant
2022$6,775 per active participant

Horizon Services, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$6,100 · 0.10%
2023$4,720 · 0.10%
2022$5,715 · 0.14%
Same employer
Similar plansHealth Care & Social Assistance · California
The Whole Child CA$6.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942365021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.