Plan Ledger DOL Form 5500 · updated monthly

Tc Heartland, LLC401(k)

HEARTLAND FOOD PRODUCTS GROUP 401(K) PLAN · CARMEL, IN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Tc Heartland, LLC reported $38,048 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $1,615 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 fell from 0.30% to 0.15%. 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 440th-largest of 1,562 plans among Indiana employers on file, and the 4,585th of 13,661 in manufacturing. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,065,785
Participants with balances913
Active participants803
Employer contributions$1,296,894
Employee contributions$3,547,303
Employer contribution per active participant$1,615
Average account balance$31,835
Benefits paid to participants$2,753,823
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$29.1M · 913 accts · $1.3M emplr
2023$23.3M · 946 accts · $1.4M emplr
2022$16.9M · 854 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,048
Total administrative$38,048
The Tc Heartland, LLC 401(k) match · 2024
Employer contribution per active participant$1,615
Median for plans this size$2,416
2024$1,615 per active participant
2023$1,692 per active participant
2022$1,700 per active participant

Tc Heartland, LLC'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 · 20244
COMPENSATION SYSTEMS · Recordkeeping · Loan processing$40,424
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$22,776
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$52,881
MML INVESTORS SERVICES · Insurance broker · Insurance 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
2024COMPENSATION SYSTEMS, Transamerica
2023COMPENSATION SYSTEMS, Transamerica

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

Administrative cost history3
2024$38,048 · 0.15%
2023$27,545 · 0.14%
2022$50,914 · 0.30%
Same employer
Similar plansManufacturing · Indiana
Metal Powder Products, LLC IN$30.2M · 0.35%
Elgin Fastener Group, LLC IN$28.8M · 0.35%
Manar, Inc. IN$28.7M · 0.01%
Kitchen Kompact, Inc. IN$28.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201938376 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.