Marine Hydraulics International, LLC 401(k) Review & Grade
Marine Hydraulics International 401 (K) Plan
Norfolk, VAManufacturing684 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,112Employer $ per active participant
$4,214Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$33.8MNet plan assets, end of year
$39,127Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1540th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 22th |
| Employee saving | 40th |
| 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
- Marine Hydraulics International put in about $4,112 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.52% 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 | $2,810,417 |
| Participant (employee) contributions | $2,880,478 |
| Other contributions (incl. rollovers in) | $239,033 |
| Administrative expenses paid from the plan | $167,599 |
| Contract administrator fees | $89,654 |
| Investment advisory & management fees | $67,616 |
| Other admin expenses | $110 |
| Benefits paid out | $6,879,612 |
| Net assets, start / end of year | $31.2M / $33.8M |
| Active participants, start / end of year | 701 / 666 |
| Participants with account balances | 864 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Charles W. Snader,p.c. |
Largest service providers (Schedule C)
| Beacon Harbor Wealth Advisors | $67,616 reported compensation |
| John Hancock Life Insurance Company | $19,204 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009105013NAL0003830419001, received 2025-10-09, EIN 54-1034510, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.