Plan Ledger DOL Form 5500 · updated monthly

The Hibbert Company401(k)

RETIREMENT SAVINGS PLAN FOR EMPLOYEES OF HIBBERT COMPANY · TRENTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

The Hibbert Company reported $124,903 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,055 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 0.22% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 551st-largest of 2,419 plans among New Jersey employers on file, and the 286th of 2,534 in administrative & support services. In 2024, employees put in $4.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,437,846
Participants with balances534
Active participants423
Employer contributions$446,100
Employee contributions$2,124,973
Employer contribution per active participant$1,055
Average account balance$100,071
Benefits paid to participants$2,159,480
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.4M · 534 accts · $446K emplr
2023$45.8M · 540 accts · $376K emplr
2022$40.9M · 592 accts · $374K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,800
Investment management$63,103
Total administrative$124,903
The The Hibbert Company 401(k) match · 2024
Employer contribution per active participant$1,055
Median for plans this size$2,416
2024$1,055 per active participant
2023$896 per active participant
2022$820 per active participant

The Hibbert Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20243
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$63,103
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$61,800
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$124,903 · 0.25%
2023$113,424 · 0.26%
2022$103,841 · 0.22%
Same employer
Similar plansAdministrative & Support Services · New Jersey
Artech LLC NJ$71.2M · 0.33%
Anticimex, Inc. NJ$66.2M · 0.66%
Abel HR, Inc. NJ$64.8M · 0.28%
Zrg Partners LLC NJ$39.7M · 0.26%
Harvey Nash, Inc. NJ$35.6M · 0.44%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 210475335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.