HMC Management Services, Inc. 401(k) Review & Grade
HMC Management Services, Inc. Retirement Plan
Jackson, MSAdministrative, Support & Staffing Services1,388 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$640Employer $ per active participant
$1,716Employee $ saved per active participant
1.96%Direct admin cost, % of plan assets
$6.4MNet plan assets, end of year
$8,778Average balance per account
Score breakdown
- Employer generosity23.3 / 5046th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 1th |
| Employee saving | 48th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- HMC Management Services put in about $640 per active participant, below the typical peer ($712). 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 (1.96% 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.
- 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 | $887,582 |
| Participant (employee) contributions | $2,380,351 |
| Other contributions (incl. rollovers in) | $251,295 |
| Administrative expenses paid from the plan | $89,162 |
| Contract administrator fees | $2,960 |
| Investment advisory & management fees | $23,152 |
| Benefits paid out | $362,433 |
| Net assets, start / end of year | $2.7M / $6.4M |
| Active participants, start / end of year | 1,335 / 1,440 |
| Participants with account balances | 725 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bmss, LLC |
Largest service providers (Schedule C)
| Lion Street Advisors, LLC | $23,012 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008133214NAL0009859232001, received 2025-10-08, EIN 85-0897467, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.