Plan Ledger DOL Form 5500 · updated monthly

J. C. Hart Company, Inc.401(k)

HART SAVER - 401(K) PLAN · CARMEL, IN · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

J. C. Hart Company, Inc. reported $53,450 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,374 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 0.19% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Indiana (838th of 1,562), and 2,917th of 5,337 in construction. In 2024, employees put in $3.08 for every $1.00 the employer contributed; active participation has grown from 166 to 187 since 2022.

Plan summary
Net assets, end of year$11,321,426
Participants with balances158
Active participants187
Employer contributions$256,916
Employee contributions$790,289
Employer contribution per active participant$1,374
Average account balance$71,655
Benefits paid to participants$548,426
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 158 accts · $257K emplr
2023$9.4M · 141 accts · $186K emplr
2022$8.2M · 144 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,450
Total administrative$53,450
The J. C. Hart Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,374
Median for plans this size$2,416
2024$1,374 per active participant
2023$1,156 per active participant
2022$1,141 per active participant

J. C. Hart Company, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$53,450
SHEPHERD FINANCIAL INVESTMENT ADVIS · Investment advisory (plan)indirect comp

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$53,450 · 0.52%
2023$16,534 · 0.19%
2022$16,532 · 0.19%
Same employer
Similar plansConstruction · Indiana
Crg Residential, LLC IN$12.0M · 0.06%
Bone Dry Roofing, Inc. IN$9.7M · 0.86%
Niblock Excavating, Inc IN$9.5M · 0.28%
Twg Development, LLC IN$8.8M · 0.63%
Trinitas Ventures, LLC IN$8.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351361239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.