Heritage Companies, LLC 401(k) Review & Grade
Heritage 401(k) Plan
Downey, CAManufacturing850 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,060Employer $ per active participant
$2,392Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$34.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 66th |
| Employee saving | 16th |
| Peers that auto-enroll | 59% |
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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
- Heritage Companies put in about $1,060 per active participant, below the typical peer ($2,320). 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 | $901,294 |
| Participant (employee) contributions | $2,033,584 |
| Other contributions (incl. rollovers in) | $275,922 |
| Administrative expenses paid from the plan | $43,626 |
| Investment advisory & management fees | $15,000 |
| Benefits paid out | $1,201,415 |
| Net assets, start / end of year | $30.5M / $34.2M |
| Active participants, start / end of year | 928 / 772 |
| Participants with account balances | 336 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazer, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $23,851 reported compensation |
| Fiduciary Experts LLC | $15,000 reported compensation |
| Frazer, LLP | $5,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260108101753NAL0003452995001, received 2026-01-08, EIN 85-4294289, plan #001, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.