Harkins Administrative Services 401(k) Review & Grade
Harkins Administrative Services, Inc. 401(k) Profit Sharing Plan
Scottsdale, AZArts, Entertainment & Recreation1,522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$942Employer $ per active participant
$1,207Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$48.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.9 / 5048th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 69th |
| Employee saving | 28th |
| Peers that auto-enroll | 38% |
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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
- Harkins Administrative Services put in about $942 per active participant, below the typical peer ($995). 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.
- 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 | $1,434,170 |
| Participant (employee) contributions | $1,837,063 |
| Other contributions (incl. rollovers in) | $89,125 |
| Administrative expenses paid from the plan | $56,806 |
| Contract administrator fees | $29,227 |
| Investment advisory & management fees | $1,016 |
| Benefits paid out | $5,235,788 |
| Net assets, start / end of year | $44.4M / $48.9M |
| Active participants, start / end of year | 1,595 / 1,449 |
| Participants with account balances | 756 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis, LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $89,957 reported compensation |
| Bok Financial | $26,563 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006145639NAL0002179123001, received 2025-10-06, EIN 33-1078669, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.