Plan Ledger DOL Form 5500 · updated monthly

Horne LLP401(k)

HORNE LLP PROFIT SHARING PLAN · RIDGELAND, MS · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Horne LLP reported $317,441 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,590 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 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 25th-largest of 367 plans among Mississippi employers on file, and the 1,410th of 11,654 in professional & technical services. In 2024, employees put in $1.54 for every $1.00 the employer contributed; active participation has shrunk from 1,839 to 1,287 since 2022.

Plan summary
Net assets, end of year$107,632,893
Participants with balances1,901
Active participants1,287
Employer contributions$4,620,061
Employee contributions$7,137,318
Employer contribution per active participant$3,590
Average account balance$56,619
Benefits paid to participants$18,755,478
Plan auditUnmodified (clean) audit opinion
AuditorBORLAND BENEFIELD, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$107.6M · 1,901 accts · $4.6M emplr
2023$102.9M · 2,268 accts · $6.5M emplr
2022$81.4M · 2,562 accts · $6.3M emplr
Administrative expenses, itemized · 2024
Investment management$317,441
Total administrative$317,441
The Horne LLP 401(k) match · 2024
Employer contribution per active participant$3,590
Median for plans this size$3,635
2024$3,590 per active participant
2023$4,170 per active participant
2022$3,407 per active participant

Horne LLP'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 · 20242
AMERICAN TRUST COMPANY · Claims processing · Recordkeeping$142,441
BAM ADVISOR SERVICES, LLC · Pension consulting$175,000

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

Recordkeeper by year2
2024AMERICAN TRUST COMPANY, BENEFIT PLANS ADMIN SERVICES, INC.
2023AMERICAN TRUST COMPANY, BENEFIT PLANS ADMIN SERVICES, INC.

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

Administrative cost history3
2024$317,441 · 0.30%
2023$296,036 · 0.32%
2022$254,846 · 0.31%
All plans at this employer2
HORNE LLP PROFIT SHARING PLAN401(k)
HORNE LLP PUERTO RICO EMPLOYEES PROFIT SHARING PLANProfit-sharing plan
Same employer
Similar plansProfessional & Technical Services · Mississippi
Butler Snow LLP MS$299.4M · 0.07%
Watkins & Eager PLLC MS$132.5M · 0.02%
Beyondtrust Corporation MS$104.8M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 201941244 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.