Plan Ledger DOL Form 5500 · updated monthly

The Hilsinger Company401(k)

THE HILSINGER COMPANY 401(K) PLAN · MANSFIELD, MA · plan year 2023

Reported admin expense ratio · 2023
0.88%

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

The Hilsinger Company reported $129,539 in plan administrative expenses for 2023: 0.88% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,463 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 1.03% to 1.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,509th of 2,726), and the 6,813th of 13,661 in manufacturing. In 2023, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,001,167
Participants with balances407
Active participants284
Employer contributions$699,519
Employee contributions$1,192,122
Employer contribution per active participant$2,463
Average account balance$39,315
Benefits paid to participants$1,502,392
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 373 accts · $650K emplr
2023$16.0M · 407 accts · $700K emplr
2022$13.3M · 436 accts · $740K emplr
The The Hilsinger Company 401(k) match · 2023
Employer contribution per active participant$2,463
Median for plans this size$2,440
2024$2,417 per active participant
2023$2,463 per active participant
2022$2,484 per active participant

The Hilsinger Company's 2023 employer contribution ran above 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
THE ANGELL PENSION GROUP, INC. · Contract administrator$26,030
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$25,212
WEISER LLP · Accounting / audit$7,280
EMPOWER ADVISORY GROUP, LLC · Investment management$5,655

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$186,806 · 1.22%
2023$129,539 · 0.88%
2022$152,007 · 1.03%
Same employer
Similar plansManufacturing · Massachusetts
Pulpdent Corporation MA$16.2M · 0.02%
Syros Pharmaceuticals, Inc. MA$16.2M · 0.25%
Hazen Paper Company MA$16.1M · 0.17%
Csw, Inc. MA$16.0M · 0.41%
Harpak-Ulma Packaging, LLC MA$16.0M · 0.34%
Microline Surgical, Inc. MA$15.8M · 0.04%
Nypro Inc MA$15.7M · 0.00%
Holt and Bugbee Company MA$15.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810608730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.