HBG, Inc. 401(k) Review & Grade
HB Global 401(k) Plan
Camp Hill, PAOther Services1,664 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,669Employer $ per active participant
$4,014Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$108.9MNet plan assets, end of year
$53,221Average balance per account
Score breakdown
- Employer generosity39.2 / 5078th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 34th |
| Employee saving | 67th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $472 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- HBG put in about $2,669 per active participant, more than the typical peer ($1,257). 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $4,440,060 |
| Participant (employee) contributions | $6,677,776 |
| Other contributions (incl. rollovers in) | $278,622 |
| Administrative expenses paid from the plan | $366,516 |
| Investment advisory & management fees | $147,076 |
| Benefits paid out | $8,410,752 |
| Net assets, start / end of year | $92.7M / $108.9M |
| Active participants, start / end of year | 1,741 / 1,586 |
| Participants with account balances | 2,046 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brown Plus |
Largest service providers (Schedule C)
| Conrad Siegel | $199,181 reported compensation |
| Conrad Siegel Investment Advisors | $147,076 reported compensation |
| Charles Schwab & Co., Inc. | $20,259 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143218NAL0001549539001, received 2025-10-14, EIN 82-2969290, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.