Plan Ledger DOL Form 5500 · updated monthly

Hull Lift Truck, Inc.401(k)

HULL LIFT TRUCK, INC. 401(K) PLAN · ELKHART, IN · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Hull Lift Truck, Inc. reported $72,802 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,836 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 0.58% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Indiana (806th of 1,562), and the 2,260th of 5,215 in retail trade. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,087,671
Participants with balances234
Active participants175
Employer contributions$321,344
Employee contributions$857,404
Employer contribution per active participant$1,836
Average account balance$51,657
Benefits paid to participants$880,020
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 234 accts · $321K emplr
2023$11.3M · 220 accts · $291K emplr
2022$10.4M · 188 accts · $245K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,328
Trustee / custodial$58,474
Total administrative$72,802
The Hull Lift Truck, Inc. 401(k) match · 2024
Employer contribution per active participant$1,836
Median for plans this size$2,416
2024$1,836 per active participant
2023$1,661 per active participant
2022$1,422 per active participant

Hull Lift Truck, 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 · 20241
1ST SOURCE BANK · Recordkeeping · Consulting$72,702

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

Recordkeeper by year2
20241ST SOURCE BANK
20231ST SOURCE BANK

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

Administrative cost history3
2024$72,802 · 0.62%
2023$65,697 · 0.61%
2022$62,747 · 0.58%
Same employer
Similar plansRetail Trade · Indiana
Ttg Equipment LLC IN$13.5M · 0.19%
Button Motors Inc. IN$12.6M · 0.41%
Standale Lumber LLC IN$12.1M · 0.37%
Resident Home, LLC IN$11.8M · 0.26%
Uebelhor and Sons Chevrolet IN$11.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351070323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.