Plan Ledger DOL Form 5500 · updated monthly

Hsp Direct, LLC401(k)

HSP DIRECT 401(K) PLAN · ASHBURN, VA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Hsp Direct, LLC reported $30,657 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,626 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 0.150%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 976th-largest of 2,266 plans among Virginia employers on file, and the 5,450th of 11,654 in professional & technical services. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has shrunk from 149 to 120 since 2022.

Plan summary
Net assets, end of year$20,606,841
Participants with balances177
Active participants120
Employer contributions$315,108
Employee contributions$757,150
Employer contribution per active participant$2,626
Average account balance$116,423
Benefits paid to participants$2,988,200
Plan auditUnmodified (clean) audit opinion
AuditorFAW CASSON & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 177 accts · $315K emplr
2023$20.2M · 175 accts · $302K emplr
2022$18.4M · 175 accts · $847K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,657
Total administrative$30,657
The Hsp Direct, LLC 401(k) match · 2024
Employer contribution per active participant$2,626
Median for plans this size$2,416
2024$2,626 per active participant
2023$2,114 per active participant
2022$5,684 per active participant

Hsp Direct, LLC's 2024 employer contribution ran above the $2,416 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
DWC ERISA CONSULTANTS · Recordkeeping$2,090
LINCOLN NATIONAL CORPORTATION · Contract administrator$28,567

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

Recordkeeper by year2
2024DWC ERISA CONSULTANTS
2023DWC ERISA CONSULTANTS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$30,657 · 0.15%
2023$28,054 · 0.15%
2022$26,189 · 0.15%
Similar plansProfessional & Technical Services · Virginia
Davis Defense Group, Inc. VA$20.7M · 0.38%
Concept Solutions, LLC VA$20.7M · 0.33%
Liquid Robotics, Inc. VA$20.6M · 0.00%
Aac Inc. VA$20.4M · 0.49%
Crl Technologies, Inc. VA$20.2M · 0.46%
Evolver, LLC VA$20.1M · 0.01%
Purple Strategies, LLC VA$20.1M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542039701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.