401k Record

Employers › Hanger

Hanger 401(k)

Recordkeeping fees per participant · Hanger, Inc. 401(k) Savings Plan · plan year 2024

$54.73

Higher than 58% of the 1,697 plans $250M to 1B that report it.

Source

= $503,388 / 9,197
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006134318NAL0003484209001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006134318NAL0003484209001, received 2025-10-06

10th: $11.56median $49.9890th: $89.63

Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-06.

Cost and contributions

Administrative expenses excluding investment management, per participant

$75.70

10th: $18.52median $67.2190th: $147.71

Higher than 59% of the 2,324 plans $250M to 1B that report it.

Source

= $696,219 / 9,197
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006134318NAL0003484209001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006134318NAL0003484209001, received 2025-10-06

Administrative expenses per participant

$85.49

10th: $27.95median $88.2590th: $203.68

Higher than 48% of the 2,405 plans $250M to 1B that report it.

Source

= $786,248 / 9,197
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006134318NAL0003484209001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006134318NAL0003484209001, received 2025-10-06

Administrative expenses as a share of assets

0.111%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 71% of the 2,407 plans $250M to 1B that report it.

Source

= $786,248 / $709,217,527
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006134318NAL0003484209001, received 2025-10-06
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006134318NAL0003484209001, received 2025-10-06

Employer contributions per participant

$1,242

10th: $1,169median $3,07390th: $8,346

Higher than 11% of the 2,457 plans $250M to 1B that report it.

Source

= $11,423,550 / 9,197
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006134318NAL0003484209001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006134318NAL0003484209001, received 2025-10-06

Employer share of total contributions

17.8%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 11% of the 2,459 plans $250M to 1B that report it.

Source

= $11,423,550 / $64,061,735
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006134318NAL0003484209001, received 2025-10-06
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006134318NAL0003484209001, received 2025-10-06

Plan terms, as stated in Hanger, Inc.'s SEC filings

Plan terms are described in Hanger, Inc.'s SEC filings: Form 10-K filed 2022-02-28. No term could be quoted from them with the required precision.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251006134318NAL0003484209001, received 2025-10-06

Full record, Hanger, Inc. 401(k) Savings Plan

FieldValueSource
Plan sponsorHANGER, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251006134318NAL0003484209001, received 2025-10-06
Plan nameHANGER, INC. 401(K) SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251006134318NAL0003484209001, received 2025-10-06
Sponsor EIN / plan number84-0904275 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251006134318NAL0003484209001, received 2025-10-06
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251006134318NAL0003484209001, received 2025-10-06
Sponsor locationAUSTIN, TXForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251006134318NAL0003484209001, received 2025-10-06
Industry (business code)621399, Health care and social assistanceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251006134318NAL0003484209001, received 2025-10-06
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251006134318NAL0003484209001, received 2025-10-06
Filing received2025-10-06Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251006134318NAL0003484209001, received 2025-10-06
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251006134318NAL0003484209001, received 2025-10-06
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251006134318NAL0003484209001, received 2025-10-06
Participants, beginning of year8,643Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251006134318NAL0003484209001, received 2025-10-06
Active participants6,847Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251006134318NAL0003484209001, received 2025-10-06
Participants, end of year9,551Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251006134318NAL0003484209001, received 2025-10-06
Participants with an account balance9,197Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006134318NAL0003484209001, received 2025-10-06
Total assets, beginning of year$601,158,061Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251006134318NAL0003484209001, received 2025-10-06
Total assets, end of year$709,217,527Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006134318NAL0003484209001, received 2025-10-06
Net assets, end of year$709,217,527Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251006134318NAL0003484209001, received 2025-10-06
Total income$139,963,040Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251006134318NAL0003484209001, received 2025-10-06
Net income$90,279,922Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251006134318NAL0003484209001, received 2025-10-06
Employer contributions$11,423,550Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006134318NAL0003484209001, received 2025-10-06
Participant contributions$42,910,415Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251006134318NAL0003484209001, received 2025-10-06
Other contributions (incl. rollovers)$9,727,770Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251006134318NAL0003484209001, received 2025-10-06
Total contributions$64,061,735Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006134318NAL0003484209001, received 2025-10-06
Benefit payments$48,846,150Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251006134318NAL0003484209001, received 2025-10-06
Total expenses (incl. benefit payments)$49,683,118Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251006134318NAL0003484209001, received 2025-10-06
Total administrative expenses$786,248Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006134318NAL0003484209001, received 2025-10-06
Contract administrator fees$900Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251006134318NAL0003484209001, received 2025-10-06
Recordkeeping fees$503,388Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006134318NAL0003484209001, received 2025-10-06
IQPA audit fees$19,950Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251006134318NAL0003484209001, received 2025-10-06
Investment advisory and management fees$90,029Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251006134318NAL0003484209001, received 2025-10-06
Administrative expenses excluding investment management$696,219derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006134318NAL0003484209001, received 2025-10-06
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251006134318NAL0003484209001, received 2025-10-06
Held in common/collective trusts$86,087,052Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251006134318NAL0003484209001, received 2025-10-06
Held in mutual funds$601,687,101Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251006134318NAL0003484209001, received 2025-10-06
Independent auditorWEAVER AND TIDWELL, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251006134318NAL0003484209001, received 2025-10-06

Position = column in the DOL layout for form year 2024. Filing 20251006134318NAL0003484209001, received 2025-10-06.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $503,388yes
MORGAN STANLEYINVESTMENT ADVISOR 27 Investment advisory (plan) $169,291no
STRATEGIC ADVISORS, INC.ADVISOR 27 Investment advisory (plan) $90,029no
WEAVER AND TIDWELL LLPACCOUNTANT/AUDITOR 10 Accounting (including auditing) $19,950no
AON CONSULTING, INC.INSURANCE AGENT/BROKER 16 Consulting (general) $2,690no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251006134318NAL0003484209001, received 2025-10-06.

What changed since the 2023 plan year

Figure20232024Change
Total assets$601,158,061$709,217,52718.0%
Participants with a balance8,2999,19710.8%
Administrative expenses$722,651$786,2488.8%
Recordkeeping fees per participant$64.84$54.73-15.6%
Employer contributions$9,013,382$11,423,55026.7%

Prior filing 20241014172522NAL0026829841001, received 2024-10-14; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: HANGER, INC.; SEC registrant: HANGER, INC. (CIK 722723, matched by EIN).