Hampton Rubber Company 401(k) Review & Grade
Singer Industrial 401(k) Plan
Dallas, TXWholesale Trade1,224 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,566Employer $ per active participant
$4,919Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$75.1MNet plan assets, end of year
$55,100Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 66th |
| Employee saving | 54th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $4,954 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hampton Rubber put in about $2,566 per active participant, more than the typical peer ($1,792). 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 | $3,139,779 |
| Participant (employee) contributions | $6,018,063 |
| Other contributions (incl. rollovers in) | $2,449,576 |
| Administrative expenses paid from the plan | $94,426 |
| Investment advisory & management fees | $12,375 |
| Benefits paid out | $6,879,153 |
| Net assets, start / end of year | $61.3M / $75.1M |
| Active participants, start / end of year | 1,120 / 1,327 |
| Participants with account balances | 1,363 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Harper & Pearson Company, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $82,051 reported compensation |
| Strategic Advisors, Inc. | $12,375 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814082329NAL0013451360001, received 2025-08-14, EIN 54-1922438, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.