Hayward Industries, Inc. 401(k) Review & Grade
Hayward Industries, Inc. Retirement Plan
Charlotte, NCManufacturing1,416 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,258Employer $ per active participant
$6,529Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$214.4MNet plan assets, end of year
$108,718Average balance per account
Score breakdown
- Employer generosity38.7 / 5077th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 98th |
| Employee saving | 69th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $354 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hayward Industries put in about $4,258 per active participant, more than the typical peer ($2,320). 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 | $6,030,783 |
| Participant (employee) contributions | $9,248,470 |
| Other contributions (incl. rollovers in) | $1,530,238 |
| Administrative expenses paid from the plan | $17,809 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $44,063 |
| Other admin expenses | $60,000 |
| Benefits paid out | $24,045,884 |
| Net assets, start / end of year | $189.5M / $214.4M |
| Active participants, start / end of year | 1,379 / 1,454 |
| Participants with account balances | 1,972 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars |
Largest service providers (Schedule C)
| Gallagher Benefit Services, Inc. | $60,000 reported compensation |
| Strategic Advisors, Inc. | $44,063 reported compensation |
| Fidelity Investments Institutional | −$83,793 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010150426NAL0007913633001, received 2025-10-10, EIN 22-1715653, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.