Hx5, LLC 401(k) Review & Grade
Hx5, LLC 401(k) Profit Sharing Plan
Fort Walton, FLProfessional, Scientific & Technical Services1,129 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,876Employer $ per active participant
$10,345Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$93.2MNet plan assets, end of year
$66,831Average balance per account
Score breakdown
- Employer generosity31.3 / 5063th percentile for employer $ per participant
- Low cost6.1 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 25th |
| Employee saving | 62th |
| Peers that auto-enroll | 48% |
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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
- Hx5 put in about $3,876 per active participant, more than the typical peer ($3,082). 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 (0.48% 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 | $4,376,421 |
| Participant (employee) contributions | $11,679,188 |
| Other contributions (incl. rollovers in) | $2,151,562 |
| Administrative expenses paid from the plan | $421,384 |
| Contract administrator fees | $235,982 |
| Investment advisory & management fees | $141,097 |
| Other admin expenses | $44,305 |
| Benefits paid out | $17,730,315 |
| Net assets, start / end of year | $82.7M / $93.2M |
| Active participants, start / end of year | 1,192 / 1,066 |
| Participants with account balances | 1,395 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Avizo Group |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co of Am | $200,768 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $141,097 reported compensation |
| The Pension Center of Florida, Inc. | $44,854 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923123445NAL0009184386001, received 2025-09-23, EIN 56-2468829, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.