Hougen Manufacturing Inc401(k)

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

Hougen Manufacturing Inc reported $2,690 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,746 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 0.04% to 0.01%. 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 the 963rd-largest of 2,619 plans among Michigan employers on file, and the 5,521st of 13,661 in manufacturing. In 2024, employees put in $1.14 for every $1.00 the employer contributed; active participation has grown from 97 to 108 since 2022.