Harrington Industrial Plastics, LLC 401(k) Review & Grade
Harrington Industrial Plastics 401(k) Plan
Chino, CAWholesale Trade945 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,292Employer $ per active participant
$4,785Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$78.5MNet plan assets, end of year
$98,920Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 41th |
| Employee saving | 52th |
| Peers that auto-enroll | 53% |
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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
- Harrington Industrial Plastics put in about $2,292 per active participant, more than the typical peer ($1,792). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,165,730 |
| Participant (employee) contributions | $4,522,120 |
| Other contributions (incl. rollovers in) | $606,764 |
| Administrative expenses paid from the plan | $219,913 |
| Contract administrator fees | $219,913 |
| Benefits paid out | $7,626,598 |
| Net assets, start / end of year | $71.6M / $78.5M |
| Active participants, start / end of year | 902 / 988 |
| Participants with account balances | 794 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | LSL, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $219,907 reported compensation |
| LPL Financial LLC - Rpcp | $86,536 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013134330NAL0000668099001, received 2025-10-13, EIN 95-2752402, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.