Plan Ledger DOL Form 5500 · updated monthly

Paul Hemmer Company401(k)

PAUL HEMMER COMPANY PROFIT SHARING PLAN · FORT MITCHELL, KY · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Paul Hemmer Company reported $40,738 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $2,130 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Kentucky (497th of 871), and 3,187th of 5,337 in construction. In 2024, employees put in $2.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,366,099
Participants with balances142
Active participants114
Employer contributions$242,871
Employee contributions$645,953
Employer contribution per active participant$2,130
Average account balance$65,958
Benefits paid to participants$385,577
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,381
Investment management$18,357
Total administrative$40,738
The Paul Hemmer Company 401(k) match · 2024
Employer contribution per active participant$2,130
Median for plans this size$1,313

Paul Hemmer Company's 2024 employer contribution ran above the $1,313 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$22,381
LEGACY FINANCIAL ADVISORS INC · Consulting · Investment advisory (plan)$16,637

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$40,738 · 0.48%
Same employer
Similar plansConstruction · Kentucky
Arrow Electric Co., Inc. KY$9.9M · 0.23%
Cleary Construction, Inc. KY$9.5M · 0.44%
Holland Roofing, Inc. KY$9.4M · 0.04%
Buffalo Construction Inc KY$8.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610997369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.