Plan Ledger DOL Form 5500 · updated monthly

Hydro, Inc.401(k)

HYDRO, INC. 401(K) SALARY REDUCTION PLAN AND TRUST · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Hydro, Inc. reported $156,190 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,515 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 0.30% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 931st-largest of 3,702 plans among Illinois employers on file, and the 437th of 3,341 in other services. In 2024, employees put in $3.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$49,004,273
Participants with balances410
Active participants354
Employer contributions$890,293
Employee contributions$2,915,525
Employer contribution per active participant$2,515
Average account balance$119,523
Benefits paid to participants$4,167,365
Plan auditUnmodified (clean) audit opinion
AuditorADDUCCI VEGA FINANCIAL GROUP LLC
Plan history3
Yearassets · accounts · employer contribution
2024$49.0M · 410 accts · $890K emplr
2023$43.7M · 413 accts · $948K emplr
2022$35.7M · 406 accts · $925K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,360
Investment management$60,142
Audit (IQPA)$27,688
Total administrative$156,190
The Hydro, Inc. 401(k) match · 2024
Employer contribution per active participant$2,515
Median for plans this size$2,416
2024$2,515 per active participant
2023$2,813 per active participant
2022$2,680 per active participant

Hydro, 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$64,600
OLD NATIONAL BANK · Investment advisory (plan)$60,142
KLESMAN & COMPANY, P.C. · Accounting / audit$13,859
ADDUCCI VEGA FINANCIAL GROUP LLC · Accounting / audit$13,829

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$156,190 · 0.34%
2023$109,204 · 0.28%
2022$115,252 · 0.30%
Same employer
Similar plansOther Services · Illinois
American Lung Association IL$49.8M · 0.19%
Syndigo LLC IL$49.6M · 0.38%
The Morton Arboretum IL$43.3M · 0.14%
Alliance for Audited Media IL$43.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362995778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.