Hypower, LLC 401(k) Review & Grade
Hypower, LLC 401(k) Plan
Fort Lauderdale, FLConstruction536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,200Employer $ per active participant
$2,524Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$15.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 67th |
| Employee saving | 30th |
| Peers that auto-enroll | 44% |
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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
- Hypower put in about $1,200 per active participant, below the typical peer ($1,672). 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.
- 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 | $642,476 |
| Participant (employee) contributions | $1,351,726 |
| Other contributions (incl. rollovers in) | $32,246 |
| Administrative expenses paid from the plan | $18,915 |
| Contract administrator fees | $5,175 |
| Investment advisory & management fees | $11,758 |
| Other admin expenses | $1,982 |
| Benefits paid out | $2,496,189 |
| Net assets, start / end of year | $13.6M / $15.1M |
| Active participants, start / end of year | 558 / 513 |
| Participants with account balances | 211 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ksdt and Company |
Largest service providers (Schedule C)
| Concurrent Investment Advisors, LLC | $42,998 reported compensation |
| The Aimpoint Group | $6,339 reported compensation |
| Voya Retirement Advisors | $5,206 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014101329NAL0001210355001, received 2025-10-14, EIN 88-0271249, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.