Kimberly S Koch 401(k) Review & Grade
HGS 401(k) Retirement Plan
Peoria, ILAdministrative, Support & Staffing Services3,526 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$69Employer $ per active participant
$278Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$13.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 16th |
| Employee saving | 21th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Corrective distributions: the plan refunded $110,109 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kimberly S Koch put in about $69 per active participant, below the typical peer ($342). 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 (0.41% of assets) are well above similar-size plans (0.12%). 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 | $241,857 |
| Participant (employee) contributions | $979,749 |
| Other contributions (incl. rollovers in) | $8,679 |
| Administrative expenses paid from the plan | $55,068 |
| Investment advisory & management fees | $13,496 |
| Benefits paid out | $1,734,799 |
| Net assets, start / end of year | $13.0M / $13.8M |
| Active participants, start / end of year | 658 / 6,393 |
| Participants with account balances | 378 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $41,572 reported compensation |
| Capfinanical Partners LLC | $13,496 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260326143027NAL0005993648001, received 2026-03-26, EIN 73-1723493, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.