Holland America Line N.V. 401(k) Review & Grade
Holland America Line N.V. 401(k) Profit Sharing Plan
Seattle, WAAdministrative, Support & Staffing Services1,470 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,562Employer $ per active participant
$5,896Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$210.1MNet plan assets, end of year
$119,727Average balance per account
Score breakdown
- Employer generosity47.6 / 5095th percentile for employer $ per participant
- Low cost17.6 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 71th |
| Employee saving | 83th |
| 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
- Holland America Line N.V. put in about $4,562 per active participant, more than the typical peer ($712). 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.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $6,706,353 |
| Participant (employee) contributions | $8,666,884 |
| Other contributions (incl. rollovers in) | $2,254,507 |
| Administrative expenses paid from the plan | $228,846 |
| Contract administrator fees | $143,658 |
| Investment advisory & management fees | $35,250 |
| Benefits paid out | $24,314,770 |
| Net assets, start / end of year | $188.1M / $210.1M |
| Active participants, start / end of year | 1,452 / 1,488 |
| Participants with account balances | 1,755 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sweeney Conrad, P.S. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $140,652 reported compensation |
| Sweeney Conrad, P.S. | $28,325 reported compensation |
| Winston & Strawn LLP | $27,646 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014174517NAL0001719939001, received 2025-10-14, EIN 98-0162703, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.