Hy-Tek Material Handling, LLC401(k)
HY-TEK MATERIAL HANDLING, LLC 401(K) PLAN · COLUMBUS, OH · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Hy-Tek Material Handling, LLC reported $55,960 in plan administrative expenses for 2023: 0.12% of average plan assets, below the peer median. Employer contributions averaged $3,911 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 0.06% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 657th-largest of 3,295 plans among Ohio employers on file, and the 829th of 4,246 in wholesale trade. In 2023, employees put in $1.97 for every $1.00 the employer contributed; active participation has shrunk from 589 to 422 since 2022.
Hy-Tek Material Handling, LLC'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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 311277283 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.