Hydraforce, Inc. 401(k) Review & Grade
Hydraforce, Inc. 401(k) Plan
Lincolnshire, ILManufacturing954 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,121Employer $ per active participant
$4,581Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$250.2MNet plan assets, end of year
$193,467Average balance per account
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 63th |
| Employee saving | 45th |
| Peers that auto-enroll | 59% |
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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
- Hydraforce put in about $1,121 per active participant, below the typical peer ($2,320). 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.
- 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 | $1,069,760 |
| Participant (employee) contributions | $4,372,504 |
| Other contributions (incl. rollovers in) | $696,988 |
| Administrative expenses paid from the plan | $371,312 |
| Investment advisory & management fees | $88,299 |
| Benefits paid out | $26,825,491 |
| Net assets, start / end of year | $242.8M / $250.2M |
| Active participants, start / end of year | 955 / 954 |
| Participants with account balances | 1,293 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $307,357 reported compensation |
| Empower Advisory Group, LLC | $88,299 reported compensation |
| Empower Financial Services, Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930153234NAL0019624466001, received 2025-09-30, EIN 36-3524515, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.