Plan Ledger DOL Form 5500 · updated monthly

Hyde Group, Inc.401(k)

THE HYDE GROUP EMPLOYEE PROFIT SHARING AND 401(K) PLAN · SOUTHBRIDGE, MA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Hyde Group, Inc. reported $78,944 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,933 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 0.16% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,136th-largest of 2,726 plans among Massachusetts employers on file, and the 5,162nd of 13,661 in manufacturing. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 129 to 166 since 2022.

Plan summary
Net assets, end of year$24,822,751
Participants with balances167
Active participants166
Employer contributions$486,860
Employee contributions$546,966
Employer contribution per active participant$2,933
Average account balance$148,639
Benefits paid to participants$1,877,903
Plan auditUnmodified (clean) audit opinion
AuditorBOLLUS LYNCH
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 167 accts · $487K emplr
2023$22.6M · 163 accts · $517K emplr
2022$21.0M · 131 accts · $448K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,538
Investment management$906
Audit (IQPA)$27,500
Total administrative$78,944
The Hyde Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,933
Median for plans this size$2,416
2024$2,933 per active participant
2023$1,548 per active participant
2022$3,472 per active participant

Hyde Group, Inc.'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 · 20243
HYDE GROUP INC · Accounting / audit$27,500
EMPOWER ADVISORY GROUP, LLC · Investment management$906

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$78,944 · 0.33%
2023$25,577 · 0.12%
2022$39,005 · 0.16%
Same employer
Similar plansManufacturing · Massachusetts
Kirkwood Holdings, Inc. MA$25.6M · 0.10%
Candlewick Press, Inc. MA$23.9M · 0.45%
Replimune Inc MA$23.6M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041465900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.