Plan Ledger DOL Form 5500 · updated monthly

The Horst Group, Inc.401(k)

THE HORST GROUP PROFIT SHARING AND EMPLOYEE SAVINGS PLAN · LANCASTER, PA · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

The Horst Group, Inc. reported $119,638 in plan administrative expenses for 2023: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,423 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 0.37% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,155th-largest of 3,651 plans among Pennsylvania employers on file, and the 4,066th of 11,654 in professional & technical services. In 2023, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,969,424
Participants with balances503
Active participants410
Employer contributions$583,514
Employee contributions$1,658,111
Employer contribution per active participant$1,423
Average account balance$61,569
Benefits paid to participants$3,269,702
Plan auditUnmodified (clean) audit opinion
AuditorBERTZ, HESS, & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 512 accts · $693K emplr
2023$31.0M · 503 accts · $584K emplr
2022$24.9M · 459 accts · $559K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$119,638
Total administrative$119,638
The The Horst Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,423
Median for plans this size$2,440
2024$1,646 per active participant
2023$1,423 per active participant
2022$1,488 per active participant

The Horst Group, Inc.'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.

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$119,588
DUNBAR BENDER & ZAPF INC. · Contract administrator · Other services$11,650
RAYMOND JAMES FIN SVCS ADVISORS · Investment advisory (plan)indirect comp
THE RETIREMENT ADVANTAGE · Other servicesindirect comp
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$132,537 · 0.43%
2023$119,638 · 0.43%
2022$87,145 · 0.37%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Kiavi, Inc. PA$31.3M · 0.21%
Definiti LLC PA$30.7M · 0.22%
Comoto Holdings, LLC PA$30.6M · 0.55%
Maillie LLP PA$30.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232108509 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.