Plan Ledger DOL Form 5500 · updated monthly

Hti Cybernetics, Inc.401(k)

HTI CYBERNETICS, INC. 401(K) PLAN · STERLING HEIGHTS, MI · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Hti Cybernetics, Inc. reported $35,076 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $3,536 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 1 year on file its reported administrative ratio rose from 0.23% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,580th of 2,619), and 9,062nd of 13,661 in manufacturing. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,382,686
Participants with balances181
Active participants135
Employer contributions$477,367
Employee contributions$1,049,172
Employer contribution per active participant$3,536
Average account balance$51,838
Benefits paid to participants$1,125,650
Plan auditUnmodified (clean) audit opinion
AuditorSCHLAUPITZ MADHAVAN, P.C.
Plan history2
Yearassets · accounts · employer contribution
2024$9.4M · 181 accts · $477K emplr
2023$7.9M · 204 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,297
Investment management$5,975
Total administrative$35,076
The Hti Cybernetics, Inc. 401(k) match · 2024
Employer contribution per active participant$3,536
Median for plans this size$1,313
2024$3,536 per active participant
2023$3,255 per active participant

Hti Cybernetics, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$18,770
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$16,297
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 history2
2024$35,076 · 0.41%
2023$16,372 · 0.23%
Same employer
Similar plansManufacturing · Michigan
Banks Hardwoods, Inc. MI$9.5M · 0.11%
Tekton, Inc. MI$9.5M · 0.09%
Kam Plastics Corp MI$9.5M · 0.55%
House of Flavors, Inc. MI$9.3M · 0.06%
Complete Automation, Inc. MI$9.1M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382467415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.