Hogan Services, Inc. 401(k) Review & Grade
The Hogan Retirement Savings Plan
ST. Louis, MOTransportation & Warehousing3,518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$311Employer $ per active participant
$1,444Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$45.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.9 / 5010th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 18th |
| Employee saving | 14th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $57,680 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hogan Services put in about $311 per active participant, below the typical peer ($1,834). 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 (0.37% of assets) are well above similar-size plans (0.12%). 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 | $1,094,318 |
| Participant (employee) contributions | $5,077,823 |
| Other contributions (incl. rollovers in) | $1,350,622 |
| Administrative expenses paid from the plan | $155,911 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $49,470 |
| Other admin expenses | $15,225 |
| Benefits paid out | $6,901,157 |
| Net assets, start / end of year | $39.7M / $45.3M |
| Active participants, start / end of year | 2,827 / 4,208 |
| Participants with account balances | 1,033 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $91,216 reported compensation |
| Moneta Group Investment Advisors | $34,750 reported compensation |
| Forvis Mazars, LLP | $15,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723123113NAL0010334482001, received 2025-07-23, EIN 43-0697572, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.