Hanover R.S. Limited Partnership 401(k) Review & Grade
Hanover Company 401(k) Plan
Houston, TXReal Estate & Rental572 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,756Employer $ per active participant
$7,605Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$82.1MNet plan assets, end of year
$112,743Average balance per account
Score breakdown
- Employer generosity39.5 / 5079th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 86th |
| Employee saving | 87th |
| Peers that auto-enroll | 47% |
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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
- Hanover R.S. Limited Partnership put in about $2,756 per active participant, more than the typical peer ($1,279). 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 | $1,577,981 |
| Participant (employee) contributions | $4,354,057 |
| Other contributions (incl. rollovers in) | $222,345 |
| Administrative expenses paid from the plan | $41,603 |
| Contract administrator fees | $41,603 |
| Benefits paid out | $5,701,089 |
| Net assets, start / end of year | $71.2M / $82.1M |
| Active participants, start / end of year | 581 / 564 |
| Participants with account balances | 728 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ham, Langston & Brezina |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $41,603 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014165727NAL0001706499001, received 2025-10-14, EIN 76-0421318, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.