HK Enterprises, Inc. 401(k) Review & Grade
HK Enterprises, Inc. 401(k) Profit Sharing Plan
San Jose, CAOther Services536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$326Employer $ per active participant
$1,966Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$14.6MNet plan assets, end of year
$35,256Average balance per account
Score breakdown
- Employer generosity11.6 / 5023th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 65th |
| Employee saving | 40th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,386 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- HK Enterprises put in about $326 per active participant, below the typical peer ($1,257). 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.
- 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 | $174,323 |
| Participant (employee) contributions | $1,052,894 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $18,592 |
| Investment advisory & management fees | $578 |
| Benefits paid out | $544,404 |
| Net assets, start / end of year | $12.2M / $14.6M |
| Active participants, start / end of year | 580 / 491 |
| Participants with account balances | 413 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $18,592 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003053108NAL0001833488001, received 2025-10-03, EIN 47-0649307, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.