Plan Ledger DOL Form 5500 · updated monthly

Horizons Programs, Inc.401(k)

HORIZONS 401(K) PLAN · SOUTH WINDHAM, CT · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Horizons Programs, Inc. reported $17,550 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $2,786 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 0.12% to 0.22%. 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 Connecticut (788th of 1,106), and 6,082nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.31 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,930,211
Participants with balances206
Active participants221
Employer contributions$615,660
Employee contributions$469,709
Employer contribution per active participant$2,786
Average account balance$43,351
Benefits paid to participants$373,026
Plan auditUnmodified (clean) audit opinion
AuditorGUILMARTIN, DIOIRO AND SOKOLSKI LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 206 accts · $616K emplr
2023$7.0M · 213 accts · $846K emplr
2022$5.2M · 205 accts · $611K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,550
Total administrative$17,550
The Horizons Programs, Inc. 401(k) match · 2024
Employer contribution per active participant$2,786
Median for plans this size$1,313
2024$2,786 per active participant
2023$4,026 per active participant
2022$2,815 per active participant

Horizons Programs, 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.

Service providers · 20244
VOYA RETIREMENT INSURANCE & ANNUITY · Recordkeeping$11,493
GUILMARTIN DIPIRO AND SOKOLOWSKI · Accounting / audit$6,057
MORNINGSTAR · Investment advisory (plan)indirect comp
FREEMAN RETIREMENT PLAN CONSULTING · Other servicesindirect comp

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

Recordkeeper by year2
2024Voya
2023Voya

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Administrative cost history3
2024$17,550 · 0.22%
2023$10,047 · 0.16%
2022$6,582 · 0.12%
Similar plansHealth Care & Social Assistance · Connecticut
Whitney Center, Inc. CT$9.0M · 0.56%
Solinsky Eyecare LLC CT$8.2M · 0.32%
New Opportunities, Inc. CT$7.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061207164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.