The Hannon Company401(k)
THE HANNON COMPANY 401K PROFIT SHARING PLAN · CANTON, OH · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
The Hannon Company reported $48,139 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,998 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 0.40% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (1,782nd of 3,295), and the 1,456th of 3,341 in other services. In 2023, employees put in $1.92 for every $1.00 the employer contributed.
The Hannon Company's 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 340671835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.