H&e Equipment Services, Inc. 401(k) Review & Grade
H&e Equipment Services, Inc. 401k Profit Sharing
Baton Rouge, LAWholesale Trade2,842 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,898Employer $ per active participant
$5,784Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$179.3MNet plan assets, end of year
$49,921Average balance per account
Score breakdown
- Employer generosity18.6 / 5037th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 24th |
| Employee saving | 54th |
| Peers that auto-enroll | 62% |
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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
- H&e Equipment Services put in about $1,898 per active participant, below the typical peer ($2,459). 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 (0.29% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,394,914 |
| Participant (employee) contributions | $16,441,643 |
| Other contributions (incl. rollovers in) | $1,954,280 |
| Administrative expenses paid from the plan | $485,331 |
| Contract administrator fees | $362,109 |
| Investment advisory & management fees | $103,172 |
| Other admin expenses | $20,050 |
| Benefits paid out | $18,548,151 |
| Net assets, start / end of year | $154.8M / $179.3M |
| Active participants, start / end of year | 2,815 / 2,870 |
| Participants with account balances | 3,592 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hawthorn, Waymouth, & Carroll |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $489,724 reported compensation |
| Voya Retirement Advisors, LLC | $23,964 reported compensation |
| MBG Retirement Inc. | $19,938 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013153343NAL0000772115001, received 2025-10-13, EIN 81-0553291, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.