401k Record

Employers › Hardinge

Hardinge 401(k)

Administrative expenses excluding investment management, per participant · Hardinge Inc. Retirement Plan · plan year 2023

$33.25

Higher than 20% of the 7,895 plans $50 to 250M that report it.

Source

= $26,869 / 808
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241015145741NAL0056807634001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015145741NAL0056807634001, received 2024-10-15

10th: $13.75median $85.0490th: $218.08

Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-15.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$33.25

10th: $24.55median $117.4690th: $313.64

Higher than 13% of the 8,189 plans $50 to 250M that report it.

Source

= $26,869 / 808
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015145741NAL0056807634001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015145741NAL0056807634001, received 2024-10-15

Administrative expenses as a share of assets

0.045%

10th: 0.021%median 0.131%90th: 0.317%

Higher than 19% of the 8,206 plans $50 to 250M that report it.

Source

= $26,869 / $59,380,455
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015145741NAL0056807634001, received 2024-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241015145741NAL0056807634001, received 2024-10-15

Employer contributions per participant

$2,005

10th: $929median $2,69190th: $7,878

Higher than 35% of the 8,268 plans $50 to 250M that report it.

Source

= $1,619,745 / 808
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015145741NAL0056807634001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015145741NAL0056807634001, received 2024-10-15

Employer share of total contributions

34.5%

10th: 16.1%median 29.9%90th: 51.4%

Higher than 64% of the 8,285 plans $50 to 250M that report it.

Source

= $1,619,745 / $4,689,129
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015145741NAL0056807634001, received 2024-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241015145741NAL0056807634001, received 2024-10-15

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

Plan terms are described in Hardinge Inc.'s SEC filings: Form 11-K filed 2017-06-29 and Form 10-K filed 2018-03-09. 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 · 2I · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241015145741NAL0056807634001, received 2024-10-15

Full record, Hardinge Inc. Retirement Plan

FieldValueSource
Plan sponsorHARDINGE INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241015145741NAL0056807634001, received 2024-10-15
Plan nameHARDINGE INC. RETIREMENT PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20241015145741NAL0056807634001, received 2024-10-15
Sponsor EIN / plan number16-0470200 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241015145741NAL0056807634001, received 2024-10-15
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241015145741NAL0056807634001, received 2024-10-15
Sponsor locationELMIRA, NYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241015145741NAL0056807634001, received 2024-10-15
Industry (business code)333510, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20241015145741NAL0056807634001, received 2024-10-15
Plan year2023-01-01 to 2023-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241015145741NAL0056807634001, received 2024-10-15
Filing received2024-10-15Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241015145741NAL0056807634001, received 2024-10-15
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241015145741NAL0056807634001, received 2024-10-15
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20241015145741NAL0056807634001, received 2024-10-15
Participants, beginning of year866Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241015145741NAL0056807634001, received 2024-10-15
Active participants488Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241015145741NAL0056807634001, received 2024-10-15
Participants, end of year844Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241015145741NAL0056807634001, received 2024-10-15
Participants with an account balance808Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015145741NAL0056807634001, received 2024-10-15
Total assets, beginning of year$55,086,672Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241015145741NAL0056807634001, received 2024-10-15
Total assets, end of year$59,380,455Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241015145741NAL0056807634001, received 2024-10-15
Net assets, end of year$59,380,455Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241015145741NAL0056807634001, received 2024-10-15
Total income$13,087,699Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241015145741NAL0056807634001, received 2024-10-15
Net income$4,293,783Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241015145741NAL0056807634001, received 2024-10-15
Employer contributions$1,619,745Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015145741NAL0056807634001, received 2024-10-15
Participant contributions$2,754,661Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241015145741NAL0056807634001, received 2024-10-15
Other contributions (incl. rollovers)$314,723Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20241015145741NAL0056807634001, received 2024-10-15
Total contributions$4,689,129Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241015145741NAL0056807634001, received 2024-10-15
Benefit payments$8,783,295Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241015145741NAL0056807634001, received 2024-10-15
Total expenses (incl. benefit payments)$8,793,916Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241015145741NAL0056807634001, received 2024-10-15
Total administrative expenses$26,869Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015145741NAL0056807634001, received 2024-10-15
Administrative expenses excluding investment management$26,869derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241015145741NAL0056807634001, received 2024-10-15
Held in common/collective trusts$7,508,962Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20241015145741NAL0056807634001, received 2024-10-15
Held in mutual funds$51,266,623Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20241015145741NAL0056807634001, received 2024-10-15
Independent auditorBONADIO & CO ., LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241015145741NAL0056807634001, received 2024-10-15

Position = column in the DOL layout for form year 2023. Filing 20241015145741NAL0056807634001, received 2024-10-15.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
THE VANGUARD GROUP, INC.recordkeeperNONE 15 Recordkeeping and information management; 25 Trustee (directed); 37 Participant loan processing; 52 Investment management fees paid indirectly by plan; 99 Other fees $30,519yes

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 20241015145741NAL0056807634001, received 2024-10-15.

No filing for the previous plan year is in the data, so there is no year-over-year comparison.

Alerts, claims and corrections

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Sponsor name as filed: HARDINGE INC.; SEC registrant: HARDINGE INC (CIK 313716, matched by EIN).