Plan Ledger DOL Form 5500 · updated monthly

Straehle Hes USA, Inc.401(k)

STRAEHLE HESS USA, INC. 401(K) PLAN · AUBURN, AL · plan year 2024

Reported admin expense ratio · 2024
1.62%

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

Straehle Hes USA, Inc. reported $10,228 in plan administrative expenses for 2024: 1.62% of average plan assets, above the peer median. Employer contributions averaged $1,313 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 1 year on file its reported administrative ratio rose from 1.09% to 1.62%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Alabama (870th of 902), and 13,387th of 13,661 in manufacturing. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$708,555
Participants with balances69
Active participants55
Employer contributions$72,240
Employee contributions$167,303
Employer contribution per active participant$1,313
Average account balance$10,269
Benefits paid to participants$152,593
Plan auditUnmodified (clean) audit opinion
AuditorE. SEAN PIERCE PLANCHEC(K) CPAS
Plan history2
Yearassets · accounts · employer contribution
2024$709K · 69 accts · $72K emplr
2023$556K · 136 accts · $56K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,228
Total administrative$10,228
The Straehle Hes USA, Inc. 401(k) match · 2024
Employer contribution per active participant$1,313
Median for plans this size$540
2024$1,313 per active participant
2023$822 per active participant

Straehle Hes USA, Inc.'s 2024 employer contribution ran above the $540 median for plans its size, placing it in the top 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
ADP, INC. · Loan processing · Recordkeeping$10,227
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history2
2024$10,228 · 1.62%
2023$5,664 · 1.09%
Similar plansManufacturing · Alabama
Sja, Inc. AL$1.1M · 0.82%
Rcf, LLC AL$1.0M · 1.11%
Two Rivers Lumber AL$848K · 0.65%
Excel Interior Door, LLC AL$843K · 2.96%
Leehan America, Inc. AL$392K · 0.09%
C & J Tech Alabama, Inc. AL$98K · 0.28%
Custom Cut Solutions LLC AL$90K · 3.29%
Fortis Industries, Inc. AL$42K · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 432058590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.