Harley-Davidson Motor Company, Inc. 401(k) Review & Grade
Harley-Davidson Ret Svgs Plan for Milw & Tomahawk Hrly Barg Unit Ees
Milwaukee, WIManufacturing1,032 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,244Employer $ per active participant
$6,119Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$183.7MNet plan assets, end of year
$143,542Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 87th |
| Employee saving | 65th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($165,127 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Harley-Davidson Motor Company put in about $2,244 per active participant, below the typical peer ($2,320). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,314,622 |
| Participant (employee) contributions | $6,312,058 |
| Other contributions (incl. rollovers in) | $267,940 |
| Administrative expenses paid from the plan | $91,133 |
| Contract administrator fees | $1,200 |
| Other admin expenses | $18,941 |
| Benefits paid out | $31,214,736 |
| Net assets, start / end of year | $180.9M / $183.7M |
| Active participants, start / end of year | 1,091 / 972 |
| Participants with account balances | 1,280 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $72,516 reported compensation |
| Mercer Investments LLC | $18,941 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251209140104NAL0003660353001, received 2025-12-09, EIN 39-1972791, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.