Employers › HNI
Recordkeeping fees per participant · HNI Corporation 401(k) Plan · plan year 2024
$34.44
Higher than 50% of the 790 plans over $1B that report it.
= $312,646 / 9,078
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250630155408NAL0006666227001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630155408NAL0006666227001, received 2025-06-30
Percentiles compare this plan with the Schedule H plans over $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 2025-06-30.
Administrative expenses excluding investment management, per participant
$45.57
Higher than 51% of the 1,045 plans over $1B that report it.
= $413,726 / 9,078
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250630155408NAL0006666227001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630155408NAL0006666227001, received 2025-06-30
Administrative expenses per participant
$59.11
Higher than 41% of the 1,076 plans over $1B that report it.
= $536,561 / 9,078
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250630155408NAL0006666227001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630155408NAL0006666227001, received 2025-06-30
Administrative expenses as a share of assets
0.037%
Higher than 39% of the 1,076 plans over $1B that report it.
= $536,561 / $1,467,045,204
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250630155408NAL0006666227001, received 2025-06-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250630155408NAL0006666227001, received 2025-06-30
Employer contributions per participant
$2,799
Higher than 34% of the 1,135 plans over $1B that report it.
= $25,412,010 / 9,078
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250630155408NAL0006666227001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630155408NAL0006666227001, received 2025-06-30
Employer share of total contributions
32.6%
Higher than 47% of the 1,135 plans over $1B that report it.
= $25,412,010 / $77,991,918
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250630155408NAL0006666227001, received 2025-06-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250630155408NAL0006666227001, received 2025-06-30
Eligibility
“General and Eligibility - The Plan is a defined contribution plan covering substantially all employees who are age 18 years or older of HNI Corporation and most of its 100% owned subsidiaries/divisions, including: HNI International Inc., HNI Services LLC, HNI Technologies Inc., HNI Workplace Furnishings LLC, Hearth & Home Technologies LLC, Design Holdings, Inc., and Kimball International, Inc.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Notes Receivable From Participants – A participant may borrow up to the lesser of $50,000 or 50% of his or her vested account balance, with a minimum loan amount of $1,000, from his or her before-tax contribution account, after-tax contribution account, rollover account, matching account and any prior plan account except a prior money purchase account (collectively, “eligible loan accounts”).”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“At the time of employment or reemployment and unless a participant affirmatively elects to the contrary, a participant is automatically enrolled in the Plan and deemed to have elected a three percent (3%) pretax deferral commencing on the first payroll that is 45 days after the employee is first eligible to make such contributions.”
Form 11-K filed 2026-06-17, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3I · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250630155408NAL0006666227001, received 2025-06-30
| Field | Value | Source |
|---|---|---|
| Plan sponsor | HNI CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Plan name | HNI CORPORATION 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Sponsor EIN / plan number | 42-0617510 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Sponsor location | MUSCATINE, IA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Industry (business code) | 337000, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Filing received | 2025-06-30 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Participants, beginning of year | 9,877 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Active participants | 6,819 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Participants, end of year | 11,042 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Participants with an account balance | 9,078 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Total assets, beginning of year | $1,016,830,135 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Total assets, end of year | $1,467,045,204 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Net assets, end of year | $1,467,045,204 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Total income | $216,294,594 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Net income | $96,889,950 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Employer contributions | $25,412,010 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Participant contributions | $39,359,905 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Other contributions (incl. rollovers) | $9,324,024 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Total contributions | $77,991,918 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Benefit payments | $118,765,722 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Total expenses (incl. benefit payments) | $119,404,644 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Total administrative expenses | $536,561 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Recordkeeping fees | $312,646 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| IQPA audit fees | $68,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Investment advisory and management fees | $122,835 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Administrative expenses excluding investment management | $413,726 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Held in common/collective trusts | $764,230,450 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Held in mutual funds | $196,732,480 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250630155408NAL0006666227001, received 2025-06-30 |
| Independent auditor | FGMK LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250630155408NAL0006666227001, received 2025-06-30 |
Position = column in the DOL layout for form year 2024. Filing 20250630155408NAL0006666227001, received 2025-06-30.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $321,495 | yes |
| CAPFINANCIAL PARTNERS, LLC. | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $122,835 | no |
| FGMK, LLC | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $68,000 | no |
| ECONOMIC GROUP PENSION SERVICES, I | OTHER SERVICES | 49 Other services | $22,830 | no |
| BAKER TILLY US, LLP | OTHER SERVICES | 49 Other services | $10,250 | no |
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 20250630155408NAL0006666227001, received 2025-06-30.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,016,830,135 | $1,467,045,204 | 44.3% |
| Participants with a balance | 9,781 | 9,078 | -7.2% |
| Administrative expenses | $612,636 | $536,561 | -12.4% |
| Recordkeeping fees per participant | $41.83 | $34.44 | -17.7% |
| Employer contributions | $27,654,456 | $25,412,010 | -8.1% |
Prior filing 20240716144516NAL0001871187001, received 2024-07-16; the plan years are contiguous.
Sponsor name as filed: HNI CORPORATION; SEC registrant: HNI CORP (CIK 48287, matched by EIN; display name from the Form 11-K cover).