Plan Ledger DOL Form 5500 · updated monthly

Hypro, Inc.401(k)

HYPRO, INC. 401(K) PLAN · WATERFORD, WI · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Hypro, Inc. reported $139,633 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,805 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 0.46% to 0.49%. 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 625th-largest of 1,936 plans among Wisconsin employers on file, and the 4,433rd of 13,661 in manufacturing. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has shrunk from 405 to 343 since 2022.

Plan summary
Net assets, end of year$30,525,402
Participants with balances490
Active participants343
Employer contributions$618,956
Employee contributions$1,451,265
Employer contribution per active participant$1,805
Average account balance$62,297
Benefits paid to participants$1,890,074
Plan auditUnmodified (clean) audit opinion
AuditorVRAKAS SC
Plan history3
Yearassets · accounts · employer contribution
2024$30.5M · 490 accts · $619K emplr
2023$26.9M · 550 accts · $565K emplr
2022$22.5M · 546 accts · $470K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$139,633
Total administrative$139,633
The Hypro, Inc. 401(k) match · 2024
Employer contribution per active participant$1,805
Median for plans this size$2,416
2024$1,805 per active participant
2023$1,401 per active participant
2022$1,162 per active participant

Hypro, Inc.'s 2024 employer contribution ran below 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
RAYMOND JAMES & ASSOCIATES$50,568
BLUE CHIP RETIREMENT PLANS$28,675
EMPOWER ADVISORY GROUP, LLC · Investment management$16,187

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$139,633 · 0.49%
2023$109,555 · 0.44%
2022$114,660 · 0.46%
Same employer
Similar plansManufacturing · Wisconsin
Wixon Industries, Inc. WI$30.9M · 0.04%
Pflow Industries, Inc. WI$30.8M · 0.00%
Steele Solutions, Inc. WI$30.3M · 0.48%
A&B Process Systems Corp WI$30.3M · 0.13%
Madison-Kipp Corporation WI$30.3M · 0.04%
Emmi Roth USA, Inc. WI$30.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391125858 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.