Hfi Management, LLC 401(k) Review & Grade
Brad Hall Companies 401(k) Plan
Idaho Falls, IDWholesale Trade1,466 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,033Employer $ per active participant
$2,084Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$31.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-15 pts2 issues reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 23th |
| Employee saving | 13th |
| 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 ($457 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Hfi Management put in about $1,033 per active participant, below the typical peer ($1,792). 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.
- Direct plan expenses (0.50% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,514,743 |
| Participant (employee) contributions | $3,056,359 |
| Other contributions (incl. rollovers in) | $496,663 |
| Administrative expenses paid from the plan | $139,232 |
| Benefits paid out | $1,656,394 |
| Net assets, start / end of year | $24.6M / $31.2M |
| Active participants, start / end of year | 1,403 / 1,530 |
| Participants with account balances | 549 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rudd & Company |
Largest service providers (Schedule C)
| LPL Financial Corporation | $55,094 reported compensation |
| Voya Retirement Insurance and Annui | $34 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260521105830NAL0001708675001, received 2026-05-21, EIN 84-3298308, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.