Heico Holding, Inc. 401(k) Review & Grade
Heico Holding, Inc. 401(k) Plan
Warrenville, ILManufacturing5,523 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,082Employer $ per active participant
$4,779Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$437.5MNet plan assets, end of year
$75,039Average balance per account
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 63th |
| Employee saving | 33th |
| Peers that auto-enroll | 70% |
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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 ($24,336 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
- Heico Holding put in about $2,082 per active participant, below the typical peer ($3,452). 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 | $11,499,505 |
| Participant (employee) contributions | $26,394,174 |
| Other contributions (incl. rollovers in) | $4,128,942 |
| Administrative expenses paid from the plan | $350,909 |
| Investment advisory & management fees | $116,573 |
| Benefits paid out | $57,153,096 |
| Net assets, start / end of year | $400.4M / $437.5M |
| Active participants, start / end of year | 5,332 / 5,714 |
| Participants with account balances | 5,830 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Empower | $234,336 reported compensation |
| Ubs Financial Services, Inc. | $116,573 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015153641NAL0010417506001, received 2025-10-15, EIN 36-1622665, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.