Hytrol Conveyor Company, Inc. 401(k) Review & Grade
Hytrol Conveyor Company, Inc. 401(k) Retirement Plan
Jonesboro, ARManufacturing1,242 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,991Employer $ per active participant
$2,897Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$65.2MNet plan assets, end of year
$50,002Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 24th |
| Employee saving | 22th |
| 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
- Hytrol Conveyor Company put in about $1,991 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.
- Direct plan expenses (0.49% 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 | $2,472,888 |
| Participant (employee) contributions | $3,597,553 |
| Other contributions (incl. rollovers in) | $660,759 |
| Administrative expenses paid from the plan | $300,943 |
| Investment advisory & management fees | $147,032 |
| Benefits paid out | $6,858,303 |
| Net assets, start / end of year | $57.1M / $65.2M |
| Active participants, start / end of year | 1,294 / 1,190 |
| Participants with account balances | 1,303 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Goad & Company, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $153,911 reported compensation |
| FTB Advisors | $147,032 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009094053NAL0006773329001, received 2025-10-09, EIN 39-0915469, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.