CHR. Hansen, Inc. 401(k) Review & Grade
CHR. Hansen Investment and Retirement Plan
Milwaukee, WIManufacturing554 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,799Employer $ per active participant
$10,335Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$115.0MNet plan assets, end of year
$117,661Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 53th |
| Employee saving | 91th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $1,748 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CHR. Hansen put in about $7,799 per active participant, more than the typical peer ($2,320). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,324,309 |
| Participant (employee) contributions | $5,730,900 |
| Other contributions (incl. rollovers in) | $1,571,634 |
| Administrative expenses paid from the plan | $224,415 |
| Investment advisory & management fees | $120,587 |
| Benefits paid out | $9,589,631 |
| Net assets, start / end of year | $99.1M / $115.0M |
| Active participants, start / end of year | 384 / 725 |
| Participants with account balances | 977 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Robert W Baird & Co. Inc. | $111,808 reported compensation |
| Transamerica Retirement Solutions | $103,828 reported compensation |
| Asset Health, Inc | $8,779 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805092550NAL0002055571001, received 2025-08-05, EIN 13-1918913, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.