Hewlett Packard Enterprise 401(k) Review & Grade
Hewlett Packard Enterprise 401(k)plan
Spring, TXInformation14,857 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,202Employer $ per active participant
$17,032Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$8.8BNet plan assets, end of year
$312,331Average balance per account
Score breakdown
- Employer generosity36.2 / 5072th percentile for employer $ per participant
- Low cost22.9 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 10,000+ active participants (30 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 91th |
| Employee saving | 72th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $124,160 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hewlett Packard Enterprise put in about $6,202 per active participant, more than the typical peer ($5,217). 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 | $92,150,532 |
| Participant (employee) contributions | $253,047,166 |
| Other contributions (incl. rollovers in) | $31,201,730 |
| Administrative expenses paid from the plan | $1,658,760 |
| Other admin expenses | $49,744 |
| Benefits paid out | $1,013,731,536 |
| Net assets, start / end of year | $8.2B / $8.8B |
| Active participants, start / end of year | 15,164 / 14,550 |
| Participants with account balances | 28,128 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
| Employer stock held by plan | $77,701,737 |
Largest service providers (Schedule C)
| Fidelity Inv Instl Ops Co | $1,500,399 reported compensation |
| Ernst & Young | $108,617 reported compensation |
| Hewlett Packard Enterprise | $49,144 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003151805NAL0002555040001, received 2025-10-03, EIN 47-3298624, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.