What are the fees in the Humphries Developments of Nort 401(k) plan?

For plan year 2022, Humphries Developments of Nort reported $37,786 in plan administrative expenses, or 1.47% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the Humphries Developments of Nort 401(k) match?

In 2022, employer contributions to the Humphries Developments of Nort plan averaged $936 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Humphries Developments of Nort 401(k)?

The average participant account balance was $35,646 for plan year 2022, based on 50 accounts.

Humphries Developments of Nort401(k)

Name: Humphries Developments of Nort 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

HUMPHRIES DEVELOPMENTS OF NORT 401(K) PROFIT SHARING PLAN & TRUST · FORT WAYNE, IN · plan year 2022

Reported admin expense ratio · 2022

1.47%

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

Humphries Developments of Nort reported $37,786 in plan administrative expenses for 2022: 1.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $936 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Indiana (1,420th of 1,562), and 1,495th of 2,240 in accommodation & food services. In 2022, employees put in $9.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,782,281
Participants with balances50
Active participants11
Employer contributions$10,297
Employee contributions$101,357
Employer contribution per active participant$936
Average account balance$35,646
Benefits paid to participants$1,062,591
Plan auditUnmodified (clean) audit opinion
AuditorHAMIL LEHMAN AND ENGLAND PC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$27,399

Investment management$9,963

Professional / advisory$424

Total administrative$37,786

The Humphries Developments of Nort 401(k) match · 2022

Employer contribution per active participant$936

Median for plans this size$1,114

Humphries Developments of Nort's 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$37,786 · 1.47%

Similar plansAccommodation & Food Services · Indiana
McL, Inc. IN$2.9M · 1.23%
Restaurant Management Corporation IN$2.6M · 0.33%
McKenzie Foods, Inc. IN$2.1M · 0.03%
Frosty Management Corporation IN$2.0M · 1.03%
Alice J Schleicher Inc IN$1.0M · 1.89%
Ivy Hospitality LLC IN$695K · 0.06%
Holladay Hospitality Group IN$481K · 0.24%
Heritage Restaurant Management Group LLC IN$356K · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351800316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.