Hilco Holdings, Inc. 401(k) Review & Grade
Hilco Holdings & Subsidiaries 401(k) Profit Sharing Plan
Greensboro, NCTransportation & Warehousing585 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,339Employer $ per active participant
$2,214Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$19.7MNet plan assets, end of year
$57,667Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 16th |
| Employee saving | 34th |
| Peers that auto-enroll | 37% |
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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 ($387,436 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
- Hilco Holdings put in about $1,339 per active participant, more than the typical peer ($1,070). 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.
- Direct plan expenses (0.64% 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 | $783,378 |
| Participant (employee) contributions | $1,295,132 |
| Other contributions (incl. rollovers in) | $132,794 |
| Administrative expenses paid from the plan | $116,438 |
| Contract administrator fees | $73,544 |
| Investment advisory & management fees | $42,894 |
| Benefits paid out | $1,722,589 |
| Net assets, start / end of year | $16.9M / $19.7M |
| Active participants, start / end of year | 599 / 571 |
| Participants with account balances | 342 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bernard Robinson and Company |
Largest service providers (Schedule C)
| Stancorp Financial Group | $73,543 reported compensation |
| First National Trust Company | $42,894 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171123NAL0002686499001, received 2025-10-15, EIN 99-0449815, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.