Hankey Investment Company LP 401(k) Review & Grade
HG 401(k) Plan
Los Angeles, CARetail Trade3,703 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$875Employer $ per active participant
$1,223Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$108.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 32th |
| Employee saving | 30th |
| Peers that auto-enroll | 42% |
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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
- Hankey Investment Company LP put in about $875 per active participant, more than the typical peer ($650). 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 (0.21% 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.
- 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 | $3,241,773 |
| Participant (employee) contributions | $4,530,585 |
| Other contributions (incl. rollovers in) | $6,955,571 |
| Administrative expenses paid from the plan | $212,666 |
| Contract administrator fees | $170,666 |
| Benefits paid out | $10,189,335 |
| Net assets, start / end of year | $91.7M / $108.4M |
| Active participants, start / end of year | 3,664 / 3,742 |
| Participants with account balances | 1,534 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | LSL, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $170,666 reported compensation |
| Kobayashi & Company | $42,000 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909122908NAL0020234177001, received 2025-09-09, EIN 95-4361557, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.