Oregon › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
The Hoffman Employee Retirement Income Plan
Sponsored by Hoffman Corporation, Lake Oswego, OR
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2025, The Hoffman Employee Retirement Income Plan covered 953 participants and held $206M in net assets. The plan is a profit-sharing plan sponsored by Hoffman Corporation of Lake Oswego, Oregon.
Net assets came to $252,134 per participant in plan year 2024, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $54,962 median for defined contribution plans in construction. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $15.7M during the year, or $20,142 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $25.3M.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $935.
Across the filings on record, net assets went from $99.1M in 2009 to $206M in 2025 (up 108%), and participants from 450 to 953 (up 112%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $252,134 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $21,941 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | — | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | — | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $1.53 | $109 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), construction (4,204) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 953 | $206M | $216,054 | $15.7M | — | $0 |
| 2024 | 757 | $191M | $252,135 | $13.5M | — | $0 |
| 2023 | 794 | $172M | $216,839 | $12.6M | — | $0 |
| 2022 | 644 | $146M | $227,365 | $9.9M | — | $0 |
| 2021 | 618 | $171M | $276,320 | $8.9M | — | $0 |
| 2020 | 611 | $168M | $275,205 | $8.9M | — | $0 |
| 2019 | 551 | $164M | $298,279 | $7.8M | — | $0 |
| 2018 | 534 | $140M | $262,204 | $6.7M | — | $0 |
| 2017 | 526 | $156M | $295,840 | $6.6M | $8,000 | $0 |
| 2016 | 507 | $143M | $282,757 | $6.1M | — | $0 |
| 2015 | 521 | $139M | $266,428 | $5.9M | — | $56K |
| 2014 | 554 | $143M | $257,309 | $6.6M | — | $56K |
| 2013 | 546 | $139M | $254,059 | $7.0M | — | $0 |
| 2012 | 535 | $122M | $228,293 | $6.1M | — | $0 |
| 2011 | 467 | $109M | $233,739 | $6.1M | — | $0 |
| 2010 | 442 | $109M | $245,962 | $5.5M | — | $0 |
| 2009 | 450 | $99.1M | $220,298 | $5.6M | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$190,865,625
- Employer contributions$15,650,305
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$15,650,305
- Total income, including investment results$40,296,392
- Benefits paid$25,262,057
- Administrative expenses$935
- Total expenses$25,262,992
- Net income$15,033,400
- Net transfers$0
- Net assets, end of year$205,899,025
Participants
- Active participants777
- Retired or separated, receiving benefits4
- Retired or separated, entitled to future benefits172
- Participants with account balances943
- Total participants, end of year953
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$935
- Total administrative expenses$935
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$139M · 67.4%
- Corporate stocks$27.0M · 13.1%
- Receivables$15.8M · 7.7%
- Corporate debt instruments$9.1M · 4.4%
- U.S. Government securities$8.8M · 4.3%
- Partnership/joint venture interests$6.3M · 3.1%
- Cash (interest and non-interest bearing)$16K · 0.0%
- Other investments$3,623 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBaker Tilly US, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 236200: Nonresidential Building Construction.
Similar plans in Oregon
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local Union 598 Supplemental Pension Plan | Trustees, Local Union 598 Supplemental Pension Plan | 1,250 | $166M | $133,032 |
| Hoffman Corporation 401(k) Plan | Hoffman Corporation | 951 | $26.8M | $28,231 |
| Cascade Pension Trust 401(k) Plan | Board of Trustees, Cascade Pension Trust 401(K)PLAN | 1,278 | $69.7M | $54,527 |
| Fortis Construction, Inc. Employees Savings Trust | Fortis Construction Inc. | 671 | $66.0M | $98,391 |
| Ind Acct Plan for the Oregon Sheet Metal Workers | Bot - Oregon Sheet Metal Workers Master Retirement Trust | 1,393 | $62.7M | $45,009 |
| RLC Profit Sharing 401(k) Plan | Roger Langeliers Construction Co. | 610 | $29.3M | $48,059 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is The Hoffman Employee Retirement Income Plan?
953 participants at the end of the plan year ending 31 Dec 2025, of whom 777 were active employees, with net assets of $205,899,025. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Hoffman Corporation contribute per participant?
The filing reports $15,650,305 in employer contributions for the year, which is $20,142 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $935. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Hoffman Corporation. The financial statements were audited by Baker Tilly US, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 1 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 93-0863884, plan 003, received 1 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.