Halma Holdings Inc. 401(k) Review & Grade
Halma Holdings Inc. Profit Sharing/savings Retirement Plan
Summit, NJManagement of Companies2,774 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,358Employer $ per active participant
$6,695Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$294.0MNet plan assets, end of year
$79,697Average balance per account
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost10.9 / 2544th 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-13 pts2 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 44th |
| Employee saving | 54th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($17,544 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,221 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Halma Holdings put in about $3,358 per active participant, below the typical peer ($3,455). 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.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $9,314,995 |
| Participant (employee) contributions | $18,571,529 |
| Other contributions (incl. rollovers in) | $2,998,362 |
| Administrative expenses paid from the plan | $419,779 |
| Benefits paid out | $39,141,963 |
| Net assets, start / end of year | $267.7M / $294.0M |
| Active participants, start / end of year | 2,793 / 2,755 |
| Participants with account balances | 3,689 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Barnes, Dennig & Co., LTD. |
| Employer stock held by plan | $7,903,603 |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $418,674 reported compensation |
| Empower Annuity Insurance Company O | $46,670 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011130208NAL0008529089001, received 2025-10-11, EIN 61-0962400, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.