Heilind Electronics, Inc. 401(k) Review & Grade
Heilind Electronics, Inc. 401(k) Plan
Wilmington, MAWholesale Trade979 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,055Employer $ per active participant
$4,366Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$68.2MNet plan assets, end of year
$103,137Average balance per account
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost19.0 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 76th |
| Employee saving | 45th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $94,338 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Heilind Electronics put in about $1,055 per active participant, below the typical peer ($1,792). 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.
- 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 | $1,033,157 |
| Participant (employee) contributions | $4,274,060 |
| Other contributions (incl. rollovers in) | $1,013,705 |
| Administrative expenses paid from the plan | $60,287 |
| Investment advisory & management fees | $53,930 |
| Benefits paid out | $7,660,451 |
| Net assets, start / end of year | $62.1M / $68.2M |
| Active participants, start / end of year | 946 / 1,012 |
| Participants with account balances | 661 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $37,449 reported compensation |
| Strategic Advisors, Inc. | $16,480 reported compensation |
| Fidelity Investments Institutional | $6,357 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010135254NAL0004677699001, received 2025-10-10, EIN 04-2534289, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.