Hana Group US, LLC 401(k) Review & Grade
Hana Group US LLC 401(k) Plan
Allentown, PAAccommodation & Food Services827 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$67Employer $ per active participant
$728Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$4.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.5 / 5019th percentile for employer $ per participant
- Low cost16.4 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 65th |
| Employee saving | 46th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Hana Group US put in about $67 per active participant, below the typical peer ($266). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $55,061 |
| Participant (employee) contributions | $602,379 |
| Other contributions (incl. rollovers in) | $7,544 |
| Administrative expenses paid from the plan | $5,658 |
| Investment advisory & management fees | $5,658 |
| Benefits paid out | $554,202 |
| Net assets, start / end of year | $3.8M / $4.4M |
| Active participants, start / end of year | 787 / 867 |
| Participants with account balances | 211 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum, Smith & Brown |
Largest service providers (Schedule C)
| Sterling Investment Advisors | $20,178 reported compensation |
| John Hancock Life Insurance Company | $1,734 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154400NAL0006652720001, received 2025-10-15, EIN 30-0937526, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.