Habasit America, Inc. 401(k) Review & Grade
Habasit Holding America, Inc. 401k Plan
Suwanee, GAManufacturing566 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,461Employer $ per active participant
$5,184Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$57.2MNet plan assets, end of year
$89,946Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost20.1 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 80th |
| Employee saving | 54th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,398 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Habasit America put in about $3,461 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.
- 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.
- 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 | $1,957,055 |
| Participant (employee) contributions | $2,931,397 |
| Other contributions (incl. rollovers in) | $347,567 |
| Administrative expenses paid from the plan | $43,728 |
| Other admin expenses | $25 |
| Benefits paid out | $12,439,490 |
| Net assets, start / end of year | $58.7M / $57.2M |
| Active participants, start / end of year | 581 / 550 |
| Participants with account balances | 636 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moore Colson & Company, PC |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $43,703 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002081621NAL0000140099001, received 2025-10-02, EIN 23-3059540, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.