What are the fees in the Hy-Pro Corporation 401(k) plan?

For plan year 2018, Hy-Pro Corporation reported $738 in plan administrative expenses, or 0.02% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the Hy-Pro Corporation 401(k) match?

In 2018, employer contributions to the Hy-Pro Corporation plan averaged $1,183 per active participant, above the $880 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 Hy-Pro Corporation 401(k)?

The average participant account balance was $29,087 for plan year 2018, based on 149 accounts.

Hy-Pro Corporation401(k)

Name: Hy-Pro Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

HY-PRO CORPORATION 401K PLAN · ANDERSON, IN · plan year 2018

Reported admin expense ratio · 2018

0.02%

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

Hy-Pro Corporation reported $738 in plan administrative expenses for 2018: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,183 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 122 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,223rd of 1,562), and 11,556th of 13,661 in manufacturing. In 2018, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,333,948
Participants with balances149
Active participants186
Employer contributions$220,115
Employee contributions$366,854
Employer contribution per active participant$1,183
Average account balance$29,087
Benefits paid to participants$304,058
Plan auditDisclaimer of opinion
AuditorBLUE & CO., LLC

Plan history2

Yearassets · accounts · employer contribution

2019$0

2018$4.3M · 149 accts · $220K emplr

Administrative expenses, itemized · 2018

Recordkeeping & contract admin$738

Total administrative$738

The Hy-Pro Corporation 401(k) match · 2018

Employer contribution per active participant$1,183

Median for plans this size$880

Hy-Pro Corporation's 2018 employer contribution ran above the $880 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 2018 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2

2019Not separately reported

2018$738 · 0.02%

Similar plansManufacturing · Indiana
Whitley Manufacturing Co., Inc. IN$4.4M · 0.77%
Chromasource, Inc. IN$4.4M · 0.86%
Printing Partners 401(K) Plan IN$4.3M · 0.19%
Industrial Maintenance, Welding & Machining Company, Inc. IN$4.3M · 0.40%
Dimensional Foam Products, LLC IN$4.3M · 0.85%
Ellison Bakery LLC IN$4.3M
Zachary Confections, Inc. IN$4.3M · 0.43%
Austin Tri-Hawk Automotive, Inc. IN$4.3M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351692529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.