Shive-Hattery Group, Inc. 401(k) Review & Grade
Shive-Hattery Group, Inc. 401(k) Profit Sharing Plan
Cedar Rapids, IAProfessional, Scientific & Technical Services537 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,584Employer $ per active participant
$8,866Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$107.9MNet plan assets, end of year
$172,094Average balance per account
Score breakdown
- Employer generosity35.3 / 5071th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 60th |
| Employee saving | 48th |
| Peers that auto-enroll | 48% |
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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
- Shive-Hattery Group put in about $4,584 per active participant, more than the typical peer ($3,082). 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.
- 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 | $2,461,524 |
| Participant (employee) contributions | $4,761,274 |
| Other contributions (incl. rollovers in) | $3,231,058 |
| Administrative expenses paid from the plan | $166,209 |
| Investment advisory & management fees | $60,516 |
| Benefits paid out | $8,255,387 |
| Net assets, start / end of year | $91.2M / $107.9M |
| Active participants, start / end of year | 522 / 552 |
| Participants with account balances | 627 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $105,693 reported compensation |
| Sageview Advisory Group, LLC | $31,367 reported compensation |
| Sageview Advisory Group, LLC | $29,148 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015133450NAL0006429856001, received 2025-10-15, EIN 42-1481495, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.