Plan Ledger DOL Form 5500 · updated monthly

Hungerford, Aldrin, Nichols & Carter P.C. dba Hungerford Nichols401(k)

HUNGERFORD NICHOLS INVESTMENT PLAN AND TRUST · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Hungerford, Aldrin, Nichols & Carter P.C. dba Hungerford Nichols reported $19,148 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,074 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 fell from 0.19% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,143rd-largest of 2,619 plans among Michigan employers on file, and 6,065th of 11,654 in professional & technical services. In 2024, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,280,672
Participants with balances177
Active participants158
Employer contributions$485,618
Employee contributions$1,254,881
Employer contribution per active participant$3,074
Average account balance$97,631
Benefits paid to participants$634,684
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 177 accts · $486K emplr
2023$14.2M · 183 accts · $343K emplr
2022$11.8M · 166 accts · $283K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,148
Total administrative$19,148
The Hungerford, Aldrin, Nichols & Carter P.C. dba Hungerford Nichols 401(k) match · 2024
Employer contribution per active participant$3,074
Median for plans this size$2,416
2024$3,074 per active participant
2023$2,116 per active participant
2022$1,850 per active participant

Hungerford, Aldrin, Nichols & Carter P.C. dba Hungerford Nichols's 2024 employer contribution ran above 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$19,148

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$19,148 · 0.12%
2023$18,645 · 0.14%
2022$22,581 · 0.19%
Same employer
Similar plansProfessional & Technical Services · Michigan
Bb&E, Inc. MI$18.2M · 0.27%
Lintech Global Inc. MI$17.8M · 0.37%
Trott Law, P.C. MI$17.4M · 0.35%
Gfl Environmental USA Inc. MI$17.2M · 0.12%
Zausmer, P.C. MI$17.2M · 0.44%
Daysmart Software, LLC MI$16.6M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382184825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.