Hatch Associates Consultants, Inc. 401(k) Review & Grade
Hatch Associates Consultants, Inc. 401(k) Plan for U.S. Employees
Pittsburgh, PAProfessional, Scientific & Technical Services1,014 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,141Employer $ per active participant
$12,086Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$258.5MNet plan assets, end of year
$192,316Average balance per account
Score breakdown
- Employer generosity40.0 / 5080th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 91th |
| Employee saving | 74th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,020 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hatch Associates Consultants put in about $6,141 per active participant, more than the typical peer ($3,082). 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 | $6,223,894 |
| Participant (employee) contributions | $12,248,912 |
| Other contributions (incl. rollovers in) | $3,068,332 |
| Administrative expenses paid from the plan | $92,438 |
| Investment advisory & management fees | $32,079 |
| Benefits paid out | $34,559,348 |
| Net assets, start / end of year | $239.3M / $258.5M |
| Active participants, start / end of year | 1,024 / 1,003 |
| Participants with account balances | 1,344 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly Us,llp |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $92,738 reported compensation |
| Charles Schwab & Co.,inc. | $236 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251114141328NAL0004588160001, received 2025-11-14, EIN 13-6094431, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.