Plan Ledger DOL Form 5500 · updated monthly

Hy Cite Enterprises, LLC401(k)

RETIREMENT SAVINGS PLAN OF HY CITE ENTERPRISES, LLC · MIDDLETON, WI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Hy Cite Enterprises, LLC reported $41,710 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,808 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 0.02% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 395th-largest of 1,936 plans among Wisconsin employers on file, and the 762nd of 4,246 in wholesale trade. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 354 to 402 since 2022.

Plan summary
Net assets, end of year$53,762,726
Participants with balances521
Active participants402
Employer contributions$1,932,709
Employee contributions$2,776,594
Employer contribution per active participant$4,808
Average account balance$103,191
Benefits paid to participants$3,915,803
Plan auditUnmodified (clean) audit opinion
AuditorHAWKINS ASH CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$53.8M · 521 accts · $1.9M emplr
2023$45.8M · 502 accts · $1.9M emplr
2022$36.4M · 467 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,710
Total administrative$41,710
The Hy Cite Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$4,808
Median for plans this size$2,416
2024$4,808 per active participant
2023$4,895 per active participant
2022$4,550 per active participant

Hy Cite Enterprises, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$62

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

Administrative cost history3
2024$41,710 · 0.08%
2023$13,078 · 0.03%
2022$8,298 · 0.02%
Same employer
Similar plansWholesale Trade · Wisconsin
Werner Electric Supply Co. WI$70.1M · 0.18%
Prometheus Group, Inc. WI$64.4M · 0.30%
Guhring, Inc. WI$56.9M · 0.14%
Weyco Group, Inc. WI$55.0M · 0.23%
Amsoil, Inc. WI$52.8M · 0.19%
L & S Electric, Inc WI$50.5M · 0.27%
The Boelter Companies, Inc. WI$50.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390983855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.