Helios Technologies, Inc. 401(k) Review & Grade
Helios Technologies, Inc. 401(k) Retirement Plan
Sarasota, FLManufacturing1,377 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,093Employer $ per active participant
$4,909Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$159.4MNet plan assets, end of year
$91,097Average balance per account
Score breakdown
- Employer generosity32.3 / 5065th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 58th |
| Employee saving | 50th |
| 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 ($31,111 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,183 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Helios Technologies put in about $3,093 per active participant, more than the typical peer ($2,320). 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 | $4,258,757 |
| Participant (employee) contributions | $6,760,090 |
| Other contributions (incl. rollovers in) | $546,359 |
| Administrative expenses paid from the plan | $260,495 |
| Investment advisory & management fees | $118,899 |
| Benefits paid out | $17,104,323 |
| Net assets, start / end of year | $134.2M / $159.4M |
| Active participants, start / end of year | 1,291 / 1,463 |
| Participants with account balances | 1,750 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
| Employer stock held by plan | $6,558,301 |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $170,941 reported compensation |
| Morgan Stanley | $86,476 reported compensation |
| Charles Schwab & Co., Inc. | $5,766 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251024140832NAL0002663377001, received 2025-10-24, EIN 59-2754337, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.