Henley Enterprises, Inc. 401(k) Review & Grade
Henley Companies 401(k) Savings Plan
Newton Highlands, MAOther Services3,016 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,221Employer $ per active participant
$1,560Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$53.8MNet plan assets, end of year
$19,938Average balance per account
Score breakdown
- Employer generosity26.8 / 5054th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 16th |
| Employee saving | 37th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Henley Enterprises put in about $1,221 per active participant, more than the typical peer ($1,132). 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 (0.41% of assets) are well above similar-size plans (0.12%). 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 | $3,683,667 |
| Participant (employee) contributions | $4,705,802 |
| Other contributions (incl. rollovers in) | $363,736 |
| Administrative expenses paid from the plan | $200,184 |
| Contract administrator fees | $73,498 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $4,722,856 |
| Net assets, start / end of year | $43.3M / $53.8M |
| Active participants, start / end of year | 2,971 / 3,062 |
| Participants with account balances | 2,699 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Newport Group, Inc. | $170,184 reported compensation |
| Mma Securities, LLC | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010153041NAL0004374147001, received 2025-10-10, EIN 04-3036456, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.