Plan Ledger DOL Form 5500 · updated monthly

Houston Enterprises Inc401(k)

HOUSTON ENTERPRISES INC 401(K) PROFIT SHARING PLAN & TRUST · SPRINGFIELD, MA · plan year 2023

Reported admin expense ratio · 2023
1.08%

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

Houston Enterprises Inc reported $4,350 in plan administrative expenses for 2023: 1.08% of average plan assets, below the peer median. Employer contributions averaged $0 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 rose from 1.01% to 1.87%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Massachusetts (2,686th of 2,726), and 1,931st of 2,240 in accommodation & food services. active participation has grown from 90 to 103 since 2022.

Plan summary
Net assets, end of year$461,370
Participants with balances182
Active participants103
Employer contributions$0
Employee contributions$95,205
Employer contribution per active participant$0
Average account balance$2,535
Benefits paid to participants$43,157
Plan auditUnmodified (clean) audit opinion
AuditorMEYERS BROTHERS KALICKA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$139K · 90 accts
2023$461K · 182 accts
2022$344K · 163 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,648
Investment management$1,842
Trustee / custodial$860
Total administrative$4,350
The Houston Enterprises Inc 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$522

Houston Enterprises Inc's 2023 employer contribution ran below the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$5,609 · 1.87%
2023$4,350 · 1.08%
2022$2,870 · 1.01%
Similar plansAccommodation & Food Services · Massachusetts
Cadete Enterprises, Inc. MA$851K · 0.07%
Expressit Logistics Inc. MA$513K · 0.83%
Gomez Management Company MA$447K · 1.39%
Millennial Foods MA$154K · 1.05%
Paul USA, Inc MA$142K · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141837363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.