Harnish Group Inc. 401(k) Review & Grade
Harnish Group Inc. Retirement Plan
Tukwila, WAWholesale Trade1,194 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,172Employer $ per active participant
$7,584Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$253.2MNet plan assets, end of year
$154,740Average balance per account
Score breakdown
- Employer generosity48.2 / 5096th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 64th |
| Employee saving | 84th |
| Peers that auto-enroll | 53% |
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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 ($17,882 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
- Harnish Group put in about $8,172 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.
- 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 | $9,753,446 |
| Participant (employee) contributions | $9,051,599 |
| Other contributions (incl. rollovers in) | $1,195,899 |
| Administrative expenses paid from the plan | $353,973 |
| Investment advisory & management fees | $233,678 |
| Other admin expenses | $600 |
| Benefits paid out | $28,344,600 |
| Net assets, start / end of year | $226.4M / $253.2M |
| Active participants, start / end of year | 1,155 / 1,232 |
| Participants with account balances | 1,636 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moss Adams |
Largest service providers (Schedule C)
| First Interstate Wealth Management | $137,371 reported compensation |
| Empower Annuity Ins. Co. of America | $119,695 reported compensation |
| Verus Advisory, Inc. | $58,371 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627173904NAL0014415968001, received 2025-06-27, EIN 91-1978007, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.