Hub International Limited 401(k) Review & Grade
Hub International Limited 401(k) Savings Plan
Chicago, ILFinance & Insurance12,919 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,792Employer $ per active participant
$8,596Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$103,466Average balance per account
Score breakdown
- Employer generosity7.7 / 5015th percentile for employer $ per participant
- Low cost7.1 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 29th |
| Employee saving | 45th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($302,131 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,658 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hub International Limited put in about $2,792 per active participant, below the typical peer ($5,179). 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 (0.15% of assets) are well above similar-size plans (0.09%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $36,064,230 |
| Participant (employee) contributions | $111,049,768 |
| Other contributions (incl. rollovers in) | $70,117,136 |
| Administrative expenses paid from the plan | $2,122,366 |
| Investment advisory & management fees | $920,849 |
| Other admin expenses | $2,100 |
| Benefits paid out | $136,874,488 |
| Net assets, start / end of year | $1.3B / $1.6B |
| Active participants, start / end of year | 12,409 / 13,429 |
| Participants with account balances | 15,223 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $1,201,975 reported compensation |
| Empower Advisory Group, LLC | $774,773 reported compensation |
| Morgan Stanley | $146,076 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150902NAL0005248817001, received 2025-10-15, EIN 75-3243028, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.