Hasco - Smoker Craft, Inc. 401(k) Review & Grade
Hasco 401k Plan and Trust
New Paris, INManufacturing627 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$734Employer $ per active participant
$3,208Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$34.8MNet plan assets, end of year
$54,419Average balance per account
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 92th |
| Employee saving | 25th |
| 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 ($255,760 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Hasco - Smoker Craft put in about $734 per active participant, below the typical peer ($2,320). 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.
- 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 | $459,971 |
| Participant (employee) contributions | $2,011,451 |
| Other contributions (incl. rollovers in) | $43,039 |
| Administrative expenses paid from the plan | $11,194 |
| Investment advisory & management fees | $5,935 |
| Benefits paid out | $6,451,932 |
| Net assets, start / end of year | $33.2M / $34.8M |
| Active participants, start / end of year | 707 / 547 |
| Participants with account balances | 639 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $5,935 reported compensation |
| Fidelity Investments Institutional | $5,259 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008094219NAL0005640209001, received 2025-10-08, EIN 35-0343150, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.