Plan Ledger DOL Form 5500 · updated monthly

Peterman Heating, Cooling & Plumbing, Inc.401(k)

PETERMAN HEATING, COOLING & PLUMBING, INC 401(K) PLAN · GREENWOOD, IN · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Peterman Heating, Cooling & Plumbing, Inc. reported $59,293 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,503 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 0.78% to 0.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Indiana (1,032nd of 1,562), and 1,965th of 3,341 in other services. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has shrunk from 516 to 431 since 2022.

Plan summary
Net assets, end of year$7,337,269
Participants with balances320
Active participants431
Employer contributions$647,902
Employee contributions$1,078,254
Employer contribution per active participant$1,503
Average account balance$22,929
Benefits paid to participants$1,013,096
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 320 accts · $648K emplr
2023$5.7M · 317 accts · $720K emplr
2022$3.6M · 249 accts · $512K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,170
Investment management$31,123
Total administrative$59,293
The Peterman Heating, Cooling & Plumbing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,503
Median for plans this size$1,313
2024$1,503 per active participant
2023$1,259 per active participant
2022$992 per active participant

Peterman Heating, Cooling & Plumbing, Inc.'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 · 20243
JOHN HANCOCK · Recordkeeping · Investment management$6,875
JCM STRATEGIC WEALTH PARTNERS · Investment advisory (participants)$29,798
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$1,325

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,293 · 0.91%
2023$44,001 · 0.95%
2022$26,486 · 0.78%
Same employer
Similar plansOther Services · Indiana
Stone Belt Arc, Inc. IN$9.4M · 0.07%
Thermo King Midwest, Inc. IN$7.8M · 0.39%
Denison Parking, Inc. IN$7.7M · 0.37%
Pathfinder Services, Inc. IN$7.2M · 1.00%
USA Football IN$6.9M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351744027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.