Plan Ledger DOL Form 5500 · updated monthly

Hoskin & Muir, Inc.401(k)

HOSKIN & MUIR EMPLOYEES 401(K) SAVINGS PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Hoskin & Muir, Inc. reported $51,207 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,200 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 0.55% to 0.51%. 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 among the smaller plans on file in Kentucky (455th of 871), and 8,570th of 13,661 in manufacturing. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has shrunk from 499 to 419 since 2022.

Plan summary
Net assets, end of year$10,481,335
Participants with balances617
Active participants419
Employer contributions$502,814
Employee contributions$1,255,483
Employer contribution per active participant$1,200
Average account balance$16,988
Benefits paid to participants$2,255,510
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 617 accts · $503K emplr
2023$9.7M · 616 accts · $549K emplr
2022$7.6M · 282 accts · $170K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,799
Investment management$13,408
Total administrative$51,207
The Hoskin & Muir, Inc. 401(k) match · 2024
Employer contribution per active participant$1,200
Median for plans this size$2,416
2024$1,200 per active participant
2023$1,200 per active participant
2022$340 per active participant

Hoskin & Muir, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$13,408
USI SECURITIES INCindirect comp

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$51,207 · 0.51%
2023$44,424 · 0.51%
2022$46,396 · 0.55%
Same employer
Similar plansManufacturing · Kentucky
Phoenix Paper Wickliffe LLC KY$11.2M · 0.28%
Gpi, Incorporated KY$11.1M · 0.16%
V.G. Reed & Sons, Inc. KY$10.4M · 0.02%
Aisan Industries Kentucky KY$10.3M · 0.69%
Merrick Hardwoods, Inc. KY$10.1M · 0.23%
Jewel-Craft, Inc. KY$9.9M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942319959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.