Plan Ledger DOL Form 5500 · updated monthly

Hurst Boiler & Welding Co., Inc.401(k)

HURST BOILER & WELDING CO., INC. 401(K) PLAN · COOLIDGE, GA · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Hurst Boiler & Welding Co., Inc. reported $78,019 in plan administrative expenses for 2023: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,553 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 0.38% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 936th-largest of 2,160 plans among Georgia employers on file, and the 6,422nd of 13,661 in manufacturing. In 2023, employees put in $1.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,672,251
Participants with balances211
Active participants238
Employer contributions$607,698
Employee contributions$824,047
Employer contribution per active participant$2,553
Average account balance$83,755
Benefits paid to participants$842,878
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 226 accts · $728K emplr
2023$17.7M · 211 accts · $608K emplr
2022$15.2M · 228 accts · $577K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$68,019
Audit (IQPA)$10,000
Total administrative$78,019
The Hurst Boiler & Welding Co., Inc. 401(k) match · 2023
Employer contribution per active participant$2,553
Median for plans this size$2,440
2024$2,913 per active participant
2023$2,553 per active participant
2022$2,531 per active participant

Hurst Boiler & Welding Co., Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$58,359
RETIREMENT SOLUTIONS SPECIALISTS · Recordkeeping · Loan processing$9,659
ASSURANCE DIMENSION · Accounting / audit$10,000

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

Recordkeeper by year2
2024RETIREMENT SOLUTIONS SPECIALIST, Transamerica
2023RETIREMENT SOLUTIONS SPECIALISTS, Transamerica

This plan has changed recordkeepers within these filings. If you left Hurst Boiler & Welding Co., Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$84,671 · 0.50%
2023$78,019 · 0.47%
2022$61,870 · 0.38%
Same employer
Similar plansManufacturing · Georgia
Tydenbrooks GA$18.5M · 0.52%
Daniel Defense, LLC GA$18.1M · 0.56%
Digirad Health Inc GA$17.2M · 0.35%
Sany America, Inc. GA$17.1M · 0.16%
Covey Equity Holdings, LLC GA$16.9M · 0.60%
Tingue, Brown & Co. GA$16.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581385470 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.