HRM Enterprises, Inc. 401(k) Review & Grade
HRM Enterprises, Inc. 401(k) Plan
Hartville, OHAccommodation & Food Services602 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,228Employer $ per active participant
$2,449Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$22.1MNet plan assets, end of year
$46,818Average balance per account
Score breakdown
- Employer generosity44.6 / 5089th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 28th |
| Employee saving | 89th |
| Peers that auto-enroll | 17% |
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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
- HRM Enterprises put in about $1,228 per active participant, more than the typical peer ($266). 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 (0.43% 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 | $739,539 |
| Participant (employee) contributions | $1,474,097 |
| Other contributions (incl. rollovers in) | $150,081 |
| Administrative expenses paid from the plan | $87,869 |
| Contract administrator fees | $45,770 |
| Investment advisory & management fees | $26,239 |
| Other admin expenses | $15,860 |
| Benefits paid out | $1,739,581 |
| Net assets, start / end of year | $19.1M / $22.1M |
| Active participants, start / end of year | 593 / 611 |
| Participants with account balances | 473 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $45,833 reported compensation |
| Everence Trust Company | $26,239 reported compensation |
| HRM Enterprises, Inc. | $15,860 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013132100NAL0000644627001, received 2025-10-13, EIN 34-1147264, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.