Plan Ledger DOL Form 5500 · updated monthly

Hp Hood LLC401(k)

HP HOOD LLC RETIREMENT SAVINGS PLAN · LYNNFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Hp Hood LLC reported $406,424 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $3,654 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 has held roughly steady near 0.094%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 130th-largest of 2,726 plans among Massachusetts employers on file, and the 621st of 13,661 in manufacturing. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$452,247,698
Participants with balances3,578
Active participants2,951
Employer contributions$10,784,381
Employee contributions$24,129,514
Employer contribution per active participant$3,654
Average account balance$126,397
Benefits paid to participants$52,634,803
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$452.2M · 3,578 accts · $10.8M emplr
2023$411.4M · 3,932 accts · $11.4M emplr
2022$359.0M · 3,914 accts · $9.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$406,424
Total administrative$406,424
The Hp Hood LLC 401(k) match · 2024
Employer contribution per active participant$3,654
Median for plans this size$4,294
2024$3,654 per active participant
2023$3,682 per active participant
2022$2,884 per active participant

Hp Hood LLC's 2024 employer contribution ran below the $4,294 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$427,051
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$406,424 · 0.09%
2023$387,666 · 0.10%
2022$364,682 · 0.09%
Same employer
Similar plansManufacturing · Massachusetts
Nuance Communications, Inc. MA$629.2M · 0.08%
Instrumentation Laboratory MA$537.6M · 0.04%
Bruker Corporation MA$403.3M · 0.16%
The Gillette Company LLC MA$380.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041450950 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.