What are the fees in the I K Hofmann USA Inc. Hofmann Ser 401(k) plan?

For plan year 2022, I K Hofmann USA Inc. Hofmann Ser reported $273 in plan administrative expenses, or 0.13% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the I K Hofmann USA Inc. Hofmann Ser 401(k)?

The average participant account balance was $7,143 for plan year 2022, based on 24 accounts.

I K Hofmann USA Inc. Hofmann Ser401(k)

Name: I K Hofmann USA Inc. Hofmann Ser 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

I K HOFMANN 401(K) PROFIT SHARING PLAN & TRUST · ATLANTA, GA · plan year 2022

Reported admin expense ratio · 2022

0.13%

I K Hofmann USA Inc. Hofmann Ser reported $273 in plan administrative expenses for 2022: 0.13% of average plan assets, lower than ~75% of peers. 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Georgia (2,135th of 2,160), and 2,447th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$171,420
Participants with balances24
Active participants80
Employer contributions—
Employee contributions$86,940
Employer contribution per active participant—
Average account balance$7,143
Benefits paid to participants$11,605
Plan auditUnmodified (clean) audit opinion
AuditorROEDL LANGFORD DE KOCK LLP

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$273 · 0.13%

Same employer

I K Hofmann USA Inc. Hofmann Ser's health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 261519561 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.