Plan Ledger DOL Form 5500 · updated monthly

Hubbell Caribe LimitedProfit-sharing plan

HUBBELL CARIBE, INC. EMPLOYEES' RETIREMENT PLAN · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Hubbell Caribe Limited reported $42,033 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,275 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 0.11% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 482nd-largest of 1,106 plans among Connecticut employers on file, and the 5,065th of 13,661 in manufacturing. In 2024, the employer put in $1.37 for every $1.00 employees contributed themselves; active participation has shrunk from 654 to 535 since 2022.

Plan summary
Net assets, end of year$25,408,055
Participants with balances1,036
Active participants535
Employer contributions$1,217,046
Employee contributions$886,346
Employer contribution per active participant$2,275
Average account balance$24,525
Benefits paid to participants$1,216,367
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.4M · 1,036 accts · $1.2M emplr
2023$22.7M · 1,069 accts · $1.2M emplr
2022$20.8M · 1,113 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$800
Total administrative$42,033
Employer contributions to the Hubbell Caribe Limited plan · 2024
Employer contribution per active participant$2,275
Median for plans this size$2,416
2024$2,275 per active participant
2023$2,126 per active participant
2022$1,926 per active participant

Hubbell Caribe Limited's 2024 employer contribution ran below 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 · 20243
T. ROWE PRICE RPS INC · Recordkeeping · Custodial$14,800
PKF OCONNOR DAVIES · Accounting / audit$23,833

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

Recordkeeper by year2
2024Bank of America / Merrill, T. Rowe Price
2023T. Rowe Price

This plan has changed recordkeepers within these filings. If you left Hubbell Caribe Limited before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,033 · 0.17%
2023$23,925 · 0.11%
2022$23,654 · 0.11%
Same employer
Similar plansManufacturing · Connecticut
Okay Industries, Inc. CT$26.5M · 0.53%
Spine Wave, Inc. CT$26.3M · 0.16%
Pta Corporation CT$25.9M · 0.07%
H & T Waterbury, LLC CT$25.4M · 0.27%
Transact Technologies Inc. CT$25.0M · 0.22%
Electro-Methods, Inc. CT$24.4M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980470569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.