Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Hutchinson Technology
Hutchinson Technology 401(k)
- Manufacturing
- Hutchinson, MN
- EIN 41-0901840
- 1 plan with Schedule H financials
- Plan year 2024
- Hutchinson Technology Incorporated
- SEC registrant Hutchinson Technology Inc
Administrative expenses excluding investment management, per participant · Hutchinson Technology Incorporated 401(k) Plan · plan year 2024
$41.02
Higher than 21% of the 8,758 plans $50 to 250M that report it.
Source
= $37,119 / 905
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009210640NAL0003872035001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009210640NAL0003872035001, received 2025-10-09
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 2024-01-01 to 2024-12-31, filing received 2025-10-09.
Cost and contributions
Administrative expenses per participant
$41.02
Higher than 14% of the 9,042 plans $50 to 250M that report it.
Source
= $37,119 / 905
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009210640NAL0003872035001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009210640NAL0003872035001, received 2025-10-09
Administrative expenses as a share of assets
0.018%
Higher than 8% of the 9,049 plans $50 to 250M that report it.
Source
= $37,119 / $207,066,907
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009210640NAL0003872035001, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009210640NAL0003872035001, received 2025-10-09
Employer contributions per participant
$380
Higher than 3% of the 9,105 plans $50 to 250M that report it.
Source
= $344,239 / 905
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009210640NAL0003872035001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009210640NAL0003872035001, received 2025-10-09
Employer share of total contributions
24.3%
Higher than 32% of the 9,112 plans $50 to 250M that report it.
Source
= $344,239 / $1,417,543
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009210640NAL0003872035001, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009210640NAL0003872035001, received 2025-10-09
Plan terms, as stated in Hutchinson Technology Incorporated's SEC filings
Plan terms are described in Hutchinson Technology Incorporated's SEC filings: Form 10-K filed 2015-12-11. No term could be quoted from them with the required precision.
Plan features
2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · 2E profit-sharing · 2F ERISA 404(c) plan · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009210640NAL0003872035001, received 2025-10-09
Full record, Hutchinson Technology Incorporated 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | HUTCHINSON TECHNOLOGY INCORPORATED | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Plan name | HUTCHINSON TECHNOLOGY INCORPORATED 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Sponsor EIN / plan number | 41-0901840 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Sponsor location | HUTCHINSON, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Industry (business code) | 334110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Participants, beginning of year | 1,100 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Active participants | 60 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Participants, end of year | 905 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Participants with an account balance | 905 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Total assets, beginning of year | $218,681,700 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Total assets, end of year | $207,066,907 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Net assets, end of year | $207,066,907 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Total income | $29,232,833 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Net income | $-11,614,793 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Employer contributions | $344,239 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Participant contributions | $1,067,773 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Other contributions (incl. rollovers) | $5,531 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Total contributions | $1,417,543 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Benefit payments | $40,810,507 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $40,847,626 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Total administrative expenses | $37,119 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Contract administrator fees | $37,119 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Administrative expenses excluding investment management | $37,119 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Held in common/collective trusts | $57,529,659 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Held in mutual funds | $136,590,419 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009210640NAL0003872035001, received 2025-10-09 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009210640NAL0003872035001, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009210640NAL0003872035001, received 2025-10-09.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| JOHN HANCOCKrecordkeeper | RETAINED BY CLIENT | 15 Recordkeeping and information management; 37 Participant loan processing; 62 Float revenue; 64 Recordkeeping fees | $90,025 | yes |
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 20251009210640NAL0003872035001, received 2025-10-09.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $218,681,700 | $207,066,907 | -5.3% |
| Participants with a balance | 1,100 | 905 | -17.7% |
| Administrative expenses | $52,123 | $37,119 | -28.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $907,004 | $344,239 | -62.0% |
Prior filing 20241005021121NAL0021017968001, received 2024-10-05; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: HUTCHINSON TECHNOLOGY INCORPORATED; SEC registrant: HUTCHINSON TECHNOLOGY INC (CIK 772897, matched by EIN).