Plan Ledger DOL Form 5500 · updated monthly

Houston Engineering, Inc.401(k)

HOUSTON ENGINEERING, INC. 401(K) PROFIT SHARING PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Houston Engineering, Inc. reported $120,922 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,998 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 0.25% to 0.24%. 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 45th-largest of 279 plans among North Dakota employers on file, and the 2,578th of 11,654 in professional & technical services. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$54,778,477
Participants with balances317
Active participants247
Employer contributions$1,234,510
Employee contributions$2,134,321
Employer contribution per active participant$4,998
Average account balance$172,803
Benefits paid to participants$3,793,261
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.8M · 317 accts · $1.2M emplr
2023$47.9M · 313 accts · $3.3M emplr
2022$37.9M · 297 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,141
Investment management$53,781
Total administrative$120,922
The Houston Engineering, Inc. 401(k) match · 2024
Employer contribution per active participant$4,998
Median for plans this size$3,635
2024$4,998 per active participant
2023$13,367 per active participant
2022$8,037 per active participant

Houston Engineering, Inc.'s 2024 employer contribution ran above 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 · 20243
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$36,000
SAGEVIEW ADVISORY GROUP, LLC · Investment management$17,781

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$120,922 · 0.24%
2023$100,123 · 0.23%
2022$100,557 · 0.25%
Same employer
Similar plansProfessional & Technical Services · North Dakota
Brady Martz & Associates, PC ND$126.1M · 0.11%
Klj Solutions Holding Co. ND$87.2M · 0.10%
Vogel Law Firm ND$48.2M · 0.15%
Moore Holding Company ND$47.3M · 0.12%
Moore Holding Company ND$36.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450314557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.