Hah Holdings, LLC 401(k) Review & Grade
Hah Holdings, LLC 401(k) Plan
Chicago, ILHealth Care & Social Assistance39,606 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$275Employee $ saved per active participant
1.29%Direct admin cost, % of plan assets
$32.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 0th |
| Employee saving | 7th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $790,109 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hah Holdings put in about $1 per active participant, below the typical peer ($2,086). 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 (1.29% of assets) are well above similar-size plans (0.09%). 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 | $47,692 |
| Participant (employee) contributions | $10,911,159 |
| Other contributions (incl. rollovers in) | $446,119 |
| Administrative expenses paid from the plan | $375,733 |
| Other admin expenses | $6,532 |
| Benefits paid out | $5,993,910 |
| Net assets, start / end of year | $25.1M / $32.9M |
| Active participants, start / end of year | 33,828 / 45,383 |
| Participants with account balances | 6,412 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ellin & Tucker Chartered |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $369,201 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260326180404NAL0008071090001, received 2026-03-26, EIN 61-1766004, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.