Harcros Chemicals Inc. 401(k) Review & Grade
Harcros Chemicals Inc. Retirement Savings Plan
Kansas City, KSManufacturing577 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,722Employer $ per active participant
$7,134Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$108.1MNet plan assets, end of year
$139,509Average balance per account
Score breakdown
- Employer generosity43.3 / 5087th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 62th |
| Employee saving | 74th |
| Peers that auto-enroll | 59% |
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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 ($752,751 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $11,220 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Harcros Chemicals put in about $5,722 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 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 | $3,301,439 |
| Participant (employee) contributions | $4,116,600 |
| Other contributions (incl. rollovers in) | $2,483,095 |
| Administrative expenses paid from the plan | $165,530 |
| Investment advisory & management fees | $72,400 |
| Other admin expenses | $223 |
| Benefits paid out | $14,872,114 |
| Net assets, start / end of year | $101.5M / $108.1M |
| Active participants, start / end of year | 569 / 585 |
| Participants with account balances | 775 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $87,657 reported compensation |
| Capfinancial Partners LLC DBA Captr | $72,400 reported compensation |
| Harcros Chemicals Inc | $5,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014160716NAL0006739586001, received 2025-10-14, EIN 43-1935062, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.