Plan Ledger DOL Form 5500 · updated monthly

The Hanover Research Council, LLC401(k)

THE HANOVER RESEARCH COUNCIL, LLC 401(K) PROFIT SHARING PLAN · ARLINGTON, VA · plan year 2025

Reported admin expense ratio · 2025
0.53%

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

The Hanover Research Council, LLC reported $224,113 in plan administrative expenses for 2025: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,666 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 4 years on file its reported administrative ratio has held roughly steady near 0.526%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 515th-largest of 2,266 plans among Virginia employers on file, and the 2,895th of 11,654 in professional & technical services. In 2025, employees put in $3.26 for every $1.00 the employer contributed; active participation has grown from 397 to 442 since 2022.

Plan summary
Net assets, end of year$47,178,576
Participants with balances549
Active participants442
Employer contributions$1,178,573
Employee contributions$3,838,423
Employer contribution per active participant$2,666
Average account balance$85,935
Benefits paid to participants$2,585,223
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$47.2M · 549 accts · $1.2M emplr
2024$38.0M · 549 accts · $1.1M emplr
2023$29.8M · 528 accts · $1.0M emplr
2022$21.8M · 564 accts · $996K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$100,965
Investment management$123,148
Total administrative$224,113
The The Hanover Research Council, LLC 401(k) match · 2025
Employer contribution per active participant$2,666
Median for plans this size$2,666
2025$2,666 per active participant
2024$2,607 per active participant
2023$2,680 per active participant
2022$2,510 per active participant

The Hanover Research Council, LLC's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
DEFREHN CONSULTING · Investment advisory (plan)$123,148
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$100,965
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$224,113 · 0.53%
2024$185,883 · 0.55%
2023$138,227 · 0.54%
2022$119,829 · 0.53%
Same employer
Similar plansProfessional & Technical Services · Virginia
Excella, Inc. VA$47.3M · 0.32%
Ventera Corporation VA$47.0M · 0.34%
Attain Consulting Group LLC VA$45.4M · 0.35%
Nextpoint Group, LLC VA$45.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200253005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.