Any Hour, LLC 401(k) Review & Grade
Any Hour 401(k) Plan
Orem, UTOther Services1,445 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,889Employer $ per active participant
$3,098Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$37.9MNet plan assets, end of year
$30,336Average balance per account
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost6.1 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 25th |
| Employee saving | 59th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($96,440 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,230 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Any Hour put in about $1,889 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.48% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,729,311 |
| Participant (employee) contributions | $4,476,340 |
| Other contributions (incl. rollovers in) | $578,354 |
| Administrative expenses paid from the plan | $114,099 |
| Contract administrator fees | $5,985 |
| Investment advisory & management fees | $35,547 |
| Benefits paid out | $2,627,597 |
| Net assets, start / end of year | $9.7M / $37.9M |
| Active participants, start / end of year | 450 / 2,440 |
| Participants with account balances | 1,250 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gilbert & Stewart Cpas |
Largest service providers (Schedule C)
| The Angell Pension Group Inc | $91,024 reported compensation |
| Empower Annuity Ins Co of America | $38,099 reported compensation |
| Newport Group, Inc. | $34,468 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009160724NAL0011848304001, received 2025-10-09, EIN 20-3808635, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.