I. K. Hofmann USA, Inc. 401(k) Review & Grade
I. K. Hofmann USA, Inc. 401(k) Profit Sharing Plan & Trust
Atlanta, GAAdministrative, Support & Staffing Services730 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$56Employer $ per active participant
$153Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$543,913Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.4 / 5015th percentile for employer $ per participant
- Low cost24.1 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 97th |
| Employee saving | 7th |
| Peers that auto-enroll | 27% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $1,685 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- I. K. Hofmann USA put in about $56 per active participant, below the typical peer ($712). 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 | $40,970 |
| Participant (employee) contributions | $111,839 |
| Other contributions (incl. rollovers in) | $11,173 |
| Administrative expenses paid from the plan | $65 |
| Benefits paid out | $704 |
| Net assets, start / end of year | $320,533 / $543,913 |
| Active participants, start / end of year | 754 / 707 |
| Participants with account balances | 31 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250528063801NAL0018274242001, received 2025-05-28, EIN 26-1519561, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.