Plan Ledger DOL Form 5500 · updated monthly

Hughes Enterprises, Inc.401(k)

HUGHES ENTERPRISES, INC. 401(K) RETIREMENT PLAN · LOMBARD, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Hughes Enterprises, Inc. reported $3,476 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $610 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 0.01% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Illinois (2,166th of 3,702), and 2,611th of 4,246 in wholesale trade. In 2024, employees put in $1.23 for every $1.00 the employer contributed; active participation has grown from 87 to 532 since 2022.

Plan summary
Net assets, end of year$12,556,420
Participants with balances138
Active participants532
Employer contributions$324,349
Employee contributions$399,774
Employer contribution per active participant$610
Average account balance$90,989
Benefits paid to participants$905,825
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 138 accts · $324K emplr
2023$11.2M · 138 accts · $303K emplr
2022$9.3M · 130 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,473
Investment management$2,003
Total administrative$3,476
The Hughes Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$610
Median for plans this size$2,416
2024$610 per active participant
2023$3,565 per active participant
2022$3,566 per active participant

Hughes Enterprises, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,473

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

Administrative cost history3
2024$3,476 · 0.03%
2023$2,424 · 0.02%
2022$1,742 · 0.01%
Same employer
Similar plansWholesale Trade · Illinois
McCann Industries, Inc. IL$13.1M · 0.67%
Roevolution 226, LLC IL$13.0M · 0.05%
The Will Group, Inc. IL$12.9M · 0.55%
Phusion Projects, LLC IL$12.4M · 0.49%
S & S Automotive, Inc. IL$12.4M · 0.13%
Lynco Distribution, Inc. IL$12.2M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362420020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.