Plan Ledger DOL Form 5500 · updated monthly

The F.P. Horak Company401(k)

THE F.P. HORAK COMPANY 401(K) PROFIT SHARING PLAN · SAGINAW, MI · plan year 2022

Reported admin expense ratio · 2022
0.29%

The F.P. Horak Company reported $10,888 in plan administrative expenses for 2022: 0.29% of average plan assets, below the peer median. 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 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (2,260th of 2,619), and 12,332nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$2,916,835
Participants with balances74
Active participants47
Employer contributions—
Employee contributions$150,602
Employer contribution per active participant—
Average account balance$39,417
Benefits paid to participants$1,026,807
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$10,888
Total administrative$10,888
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$10,888 · 0.29%
Similar plansManufacturing · Michigan
Apex Marine, Inc. MI$3.1M · 0.20%
W International MI$3.0M · 0.71%
D&N Bending Corp. MI$2.9M · 0.11%
J-Star Motion Corporation MI$2.9M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381842042 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.