Haeco Americas 401(k) Review & Grade
Haeco Americas 401(k) Plan
Greensboro, NCTransportation & Warehousing1,830 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,487Employer $ per active participant
$4,899Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$94.0MNet plan assets, end of year
$44,570Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 40th |
| Employee saving | 74th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Haeco Americas put in about $1,487 per active participant, more than the typical peer ($1,070). 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.
- 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 | $2,719,979 |
| Participant (employee) contributions | $8,962,753 |
| Other contributions (incl. rollovers in) | $1,061,692 |
| Administrative expenses paid from the plan | $303,775 |
| Investment advisory & management fees | $47,932 |
| Other admin expenses | $57,642 |
| Benefits paid out | $9,294,593 |
| Net assets, start / end of year | $104.7M / $94.0M |
| Active participants, start / end of year | 1,822 / 1,837 |
| Participants with account balances | 2,108 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $180,351 reported compensation |
| Fiducient Advisors LLC | $57,642 reported compensation |
| Strategic Advisors, Inc. | $47,932 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918092427NAL0001234129001, received 2025-09-18, EIN 65-0665658, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.