Plan Ledger DOL Form 5500 · updated monthly

Hotchkiss Insurance Managers401(k)

HOTCHKISS INSURANCE MANAGERS, LLC 401 (K) PLAN · CARROLLTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Hotchkiss Insurance Managers reported $48,892 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,360 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 0.34% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,851st-largest of 5,688 plans among Texas employers on file, and 2,838th of 4,798 in finance & insurance. In 2024, employees put in $3.74 for every $1.00 the employer contributed; active participation has grown from 123 to 173 since 2022.

Plan summary
Net assets, end of year$22,898,432
Participants with balances198
Active participants173
Employer contributions$408,276
Employee contributions$1,525,143
Employer contribution per active participant$2,360
Average account balance$115,649
Benefits paid to participants$1,304,686
Plan auditUnmodified (clean) audit opinion
AuditorSTILL BURTON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 198 accts · $408K emplr
2023$20.1M · 184 accts · $266K emplr
2022$16.6M · 159 accts · $347K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,440
Investment management$36,452
Total administrative$48,892
The Hotchkiss Insurance Managers 401(k) match · 2024
Employer contribution per active participant$2,360
Median for plans this size$2,416
2024$2,360 per active participant
2023$1,775 per active participant
2022$2,821 per active participant

Hotchkiss Insurance Managers's 2024 employer contribution ran below the $2,416 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
LPL FINANCIAL · Investment advisory (plan)$36,452

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$48,892 · 0.23%
2023$48,911 · 0.27%
2022$61,054 · 0.34%
Same employer
Similar plansFinance & Insurance · Texas
Neighborhood Credit Union TX$24.0M · 0.39%
Amcap Mortgage, LTD. TX$23.5M · 0.89%
Rave Financial Credit Union TX$23.4M · 0.12%
Texas Bank TX$22.8M · 0.48%
Citizens State Bank TX$22.3M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 900341290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.