Plan Ledger DOL Form 5500 · updated monthly

Hub Pen Company, LLC401(k)

HUB PEN COMPANY, LLC 401(K) PLAN · BRAINTREE, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Hub Pen Company, LLC reported $3,040 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,807 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 fell from 0.05% to 0.02%. 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 1,272nd-largest of 2,726 plans among Massachusetts employers on file, and the 5,422nd of 11,654 in professional & technical services. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has grown from 152 to 171 since 2022.

Plan summary
Net assets, end of year$20,739,901
Participants with balances266
Active participants171
Employer contributions$479,998
Employee contributions$447,601
Employer contribution per active participant$2,807
Average account balance$77,970
Benefits paid to participants$528,971
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 266 accts · $480K emplr
2023$17.9M · 257 accts · $480K emplr
2022$15.0M · 269 accts · $475K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,040
Total administrative$3,040
The Hub Pen Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,807
Median for plans this size$2,416
2024$2,807 per active participant
2023$3,243 per active participant
2022$3,125 per active participant

Hub Pen Company, 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$3,040

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$3,040 · 0.02%
2023$2,796 · 0.02%
2022$8,506 · 0.05%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Pan Communications, Inc. MA$21.0M · 0.05%
Velir Studios, LLC MA$20.8M · 0.23%
Amcs Group, Inc. MA$20.8M · 0.37%
Litmus Software, Inc. MA$20.7M · 0.13%
Bluerock Therapeutics LP MA$20.6M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042315066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.