Plan Ledger DOL Form 5500 · updated monthly

St Engineering Hackney, Inc401(k)

ST ENGINEERING HACKNEY 401K RET PLAN · WASHINGTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

St Engineering Hackney, Inc reported $54,189 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $311 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 3 years on file its reported administrative ratio has held roughly steady near 0.25%. 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 690th-largest of 2,005 plans among North Carolina employers on file, and the 5,557th of 13,661 in manufacturing. In 2024, employees put in $4.82 for every $1.00 the employer contributed; active participation has grown from 450 to 677 since 2022.

Plan summary
Net assets, end of year$22,045,241
Participants with balances338
Active participants677
Employer contributions$210,739
Employee contributions$1,015,995
Employer contribution per active participant$311
Average account balance$65,223
Benefits paid to participants$3,332,527
Plan auditUnmodified (clean) audit opinion
AuditorSTANCIL PC
Plan history3
Yearassets · accounts · employer contribution
2024$22.0M · 338 accts · $211K emplr
2023$21.4M · 357 accts · $204K emplr
2022$18.7M · 388 accts · $154K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,511
Investment management$21,678
Total administrative$54,189
The St Engineering Hackney, Inc 401(k) match · 2024
Employer contribution per active participant$311
Median for plans this size$2,416
2024$311 per active participant
2023$391 per active participant
2022$343 per active participant

St Engineering Hackney, Inc's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
ASCENSUS LLC · Loan processing · Recordkeeping$32,511
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$21,678

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$54,189 · 0.25%
2023$49,217 · 0.25%
2022$52,263 · 0.24%
Same employer
Similar plansManufacturing · North Carolina
Lexington Home Brands NC$22.9M · 0.19%
McRae Industries, Inc. NC$22.8M · 0.27%
Bonset America Corporation NC$21.9M · 0.39%
Mickey Truck Bodies, Inc. NC$21.6M · 0.34%
Triangle Brick Company NC$21.5M · 0.06%
Flow America, LLC NC$21.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371418273 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.