Howard Miller Company401(k)
HOWARD MILLER-HEKMAN PROFIT SHARING AND 401(K) SAVINGS PLAN · ZEELAND, MI · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Howard Miller Company reported $108,048 in plan administrative expenses for 2022: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,262 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 3 years on file its reported administrative ratio fell from 0.38% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 887th-largest of 2,619 plans among Michigan employers on file, and the 5,135th of 13,661 in manufacturing. In 2022, employees put in $2.86 for every $1.00 the employer contributed.
Howard Miller Company's 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 381258662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.