Herc Rentals, Inc. 401(k) Review & Grade
Herc Rentals Income Savings Plan
Bonita Springs, FLReal Estate & Rental6,260 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,310Employer $ per active participant
$5,489Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$487.5MNet plan assets, end of year
$61,541Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 94th |
| Employee saving | 67th |
| Peers that auto-enroll | 46% |
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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
- Herc Rentals put in about $3,310 per active participant, more than the typical peer ($1,141). 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 | $20,721,132 |
| Participant (employee) contributions | $34,359,753 |
| Other contributions (incl. rollovers in) | $2,960,909 |
| Administrative expenses paid from the plan | $91,464 |
| Other admin expenses | $300 |
| Benefits paid out | $34,339,379 |
| Net assets, start / end of year | $400.1M / $487.5M |
| Active participants, start / end of year | 6,064 / 6,456 |
| Participants with account balances | 7,921 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $128,310 reported compensation |
| Qdro Consultants | $300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014101042NAL0001206643001, received 2025-10-14, EIN 13-6174127, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.