Plan Ledger DOL Form 5500 · updated monthly

Howe, Inc.401(k)

HOWE, INC. 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Howe, Inc. reported $31,037 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $1,602 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 0.38% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in South Dakota (150th of 233), and 3,329th of 5,337 in construction. In 2024, employees put in $3.09 for every $1.00 the employer contributed; active participation has grown from 154 to 187 since 2022.

Plan summary
Net assets, end of year$8,430,689
Participants with balances231
Active participants187
Employer contributions$299,547
Employee contributions$926,467
Employer contribution per active participant$1,602
Average account balance$36,496
Benefits paid to participants$474,057
Plan auditUnmodified (clean) audit opinion
AuditorELO PROF LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 231 accts · $300K emplr
2023$6.7M · 218 accts · $248K emplr
2022$5.4M · 175 accts · $215K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,037
Total administrative$31,037
The Howe, Inc. 401(k) match · 2024
Employer contribution per active participant$1,602
Median for plans this size$1,313
2024$1,602 per active participant
2023$1,427 per active participant
2022$1,399 per active participant

Howe, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
FIRST BANK & TRUST · Recordkeeping · Trustee$31,037

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024FIRST BANK & TRUST
2023FIRST BANK & TRUST

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Administrative cost history3
2024$31,037 · 0.41%
2023$25,951 · 0.43%
2022$21,871 · 0.38%
Same employer
Similar plansConstruction · South Dakota
Journey Group Companies SD$26.1M · 0.72%
Midwestern Mechanical, Inc. SD$13.3M · 0.62%
Frisbees, Inc. SD$12.8M · 0.51%
Krohmer Plumbing SD$9.0M · 0.16%
Thermo Bond Buildings LLC SD$4.4M · 1.08%
First Rate Excavate, Inc. SD$3.8M · 1.93%
Heavy Constructors, Inc. SD$3.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460369657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.