Harry's, Inc. 401(k) Review & Grade
Harry's, Inc. 401(k) Plan
New York, NYWholesale Trade527 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,764Employer $ per active participant
$11,580Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$42.4MNet plan assets, end of year
$50,997Average balance per account
Score breakdown
- Employer generosity35.1 / 5070th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 38th |
| Employee saving | 97th |
| 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
- Harry's put in about $2,764 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.
- 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 | $1,456,399 |
| Participant (employee) contributions | $6,102,731 |
| Other contributions (incl. rollovers in) | $1,044,713 |
| Administrative expenses paid from the plan | $121,401 |
| Contract administrator fees | $7,015 |
| Investment advisory & management fees | $113,786 |
| Benefits paid out | $3,942,637 |
| Net assets, start / end of year | $33.1M / $42.4M |
| Active participants, start / end of year | 555 / 499 |
| Participants with account balances | 832 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Betterment for Business | $114,386 reported compensation |
| DWC Erisa Consultants | $7,015 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105726NAL0008850786001, received 2025-10-15, EIN 45-4576572, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.