Plan Ledger DOL Form 5500 · updated monthly

Hubbell Incorporated401(k)

HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Hubbell Incorporated reported $1,117,545 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,239 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 0.093%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 26th-largest of 1,106 plans among Connecticut employers on file, and the 270th of 13,661 in manufacturing. In 2024, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,241,078,316
Participants with balances10,359
Active participants7,630
Employer contributions$47,604,461
Employee contributions$57,598,541
Employer contribution per active participant$6,239
Average account balance$119,807
Benefits paid to participants$222,988,560
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 10,359 accts · $47.6M emplr
2023$1.2B · 10,938 accts · $43.4M emplr
2022$998.2M · 10,493 accts · $37.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,954
Total administrative$1,117,545
The Hubbell Incorporated 401(k) match · 2024
Employer contribution per active participant$6,239
Median for plans this size$5,259
2024$6,239 per active participant
2023$5,082 per active participant
2022$4,888 per active participant

Hubbell Incorporated's 2024 employer contribution ran above the $5,259 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 · 20245
T. ROWE PRICE RPS INC · Recordkeeping · Trustee$535,417
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$15,954
FINANCIAL ANSWERS · Investment advisory (participants)$352,711
FINANCIAL ENGINES · Investment advisory (participants)$118,270
PFK O'CONNOR DAVIES · Accounting / audit$23,834

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 PRIVE RPS INC, T. Rowe Price
2023T. Rowe Price

This plan has changed recordkeepers within these filings. If you left Hubbell Incorporated 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$1,117,545 · 0.09%
2023$1,109,613 · 0.10%
2022$1,057,430 · 0.09%
All plans at this employer2
HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN401(k)
HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES401(k)
Same employer
Similar plansManufacturing · Connecticut
Henkel of America, Inc. CT$2.4B · 0.03%
Pitney Bowes Inc. CT$1.7B · 0.07%
Assa Abloy Incorporated CT$1.3B · 0.06%
Crane Company CT$1.2B · 0.08%
Terex Corporation CT$757.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060397030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.