Plan Ledger DOL Form 5500 · updated monthly

Hughes Group, Inc.401(k)

HUGHES GROUP, INC. 401(K) PLAN · JEFFERSONVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Hughes Group, Inc. reported $62,189 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,756 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 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Indiana (804th of 1,562), and 531st of 786 in management of companies. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has shrunk from 291 to 180 since 2022.

Plan summary
Net assets, end of year$12,112,750
Participants with balances206
Active participants180
Employer contributions$316,138
Employee contributions$676,773
Employer contribution per active participant$1,756
Average account balance$58,800
Benefits paid to participants$279,344
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 206 accts · $316K emplr
2023$10.2M · 206 accts · $295K emplr
2022$10.1M · 172 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,213
Investment management$27,976
Total administrative$62,189
The Hughes Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,756
Median for plans this size$2,416
2024$1,756 per active participant
2023$827 per active participant
2022$983 per active participant

Hughes Group, Inc.'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 · 20242
JOHN HANCOCK · Recordkeeping$34,213
SHEPHERD FINANCIAL INVESTMENT ADV · Investment advisory (participants)$27,976

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$62,189 · 0.56%
2023$55,133 · 0.54%
2022$56,591 · 0.53%
Similar plansManagement of Companies · Indiana
Csm North America, LLC IN$18.1M · 0.09%
Automatic Pool Covers, Inc. IN$12.8M · 0.19%
Huse Culinary Inc. IN$11.7M · 0.19%
New Sunshine, LLC. IN$9.7M · 0.21%
Friendship Bancorp, Inc. IN$9.6M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350958626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.