Plan Ledger DOL Form 5500 · updated monthly

The Hc Companies, Inc.401(k)

THE HC COMPANIES, INC. 401(K) PLAN · TWINSBURG, OH · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

The Hc Companies, Inc. reported $160,865 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,970 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 3 years on file its reported administrative ratio has held roughly steady near 0.63%. 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 1,071st-largest of 3,295 plans among Ohio employers on file, and the 4,922nd of 13,661 in manufacturing. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has shrunk from 603 to 507 since 2022.

Plan summary
Net assets, end of year$26,492,503
Participants with balances538
Active participants507
Employer contributions$998,643
Employee contributions$1,640,975
Employer contribution per active participant$1,970
Average account balance$49,243
Benefits paid to participants$3,442,814
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.5M · 538 accts · $999K emplr
2023$24.2M · 574 accts · $1.2M emplr
2022$20.3M · 673 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$160,865
Total administrative$160,865
The The Hc Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,970
Median for plans this size$2,416
2024$1,970 per active participant
2023$2,408 per active participant
2022$1,950 per active participant

The Hc Companies, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$160,864
GLOBAL RETIREMENT PARTNERS 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 history3
2024$160,865 · 0.63%
2023$146,032 · 0.66%
2022$132,052 · 0.62%
Same employer
Similar plansManufacturing · Ohio
Mobis North America, LLC OH$26.7M · 0.72%
Jergens, Inc. OH$26.6M · 0.26%
Smithfoods Inc. OH$26.2M · 0.22%
Richards Industrials, Inc. OH$26.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472709414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.