Halvor Lines, Inc. 401(k) Review & Grade
Halvor Lines, Inc. Employees' 401(k) Profit Sharing Plan
Superior, WITransportation & Warehousing686 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,590Employer $ per active participant
$3,608Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$20.9MNet plan assets, end of year
$51,005Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 16th |
| Employee saving | 58th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,042 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Halvor Lines put in about $1,590 per active participant, more than the typical peer ($1,070). 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.
- Direct plan expenses (0.64% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $1,090,132 |
| Participant (employee) contributions | $2,473,366 |
| Other contributions (incl. rollovers in) | $169,261 |
| Administrative expenses paid from the plan | $123,423 |
| Investment advisory & management fees | $76,337 |
| Benefits paid out | $2,907,274 |
| Net assets, start / end of year | $17.8M / $20.9M |
| Active participants, start / end of year | 701 / 670 |
| Participants with account balances | 410 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz Sapper & Miller LLP |
Largest service providers (Schedule C)
| JMR Financial Group, Inc. | $76,337 reported compensation |
| Adp, Inc. | $47,086 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828051346NAL0010099697001, received 2025-08-28, EIN 41-0958036, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.