Hexpol Holding, Inc. 401(k) Review & Grade
Hexpol Retirement Savings Plan
Burton, OHManufacturing1,172 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,453Employer $ per active participant
$4,323Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$110.0MNet plan assets, end of year
$79,688Average balance per account
Score breakdown
- Employer generosity26.6 / 5053th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 58th |
| Employee saving | 42th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,921 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hexpol Holding put in about $2,453 per active participant, more than the typical peer ($2,320). 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 | $2,874,111 |
| Participant (employee) contributions | $5,064,812 |
| Other contributions (incl. rollovers in) | $2,057,765 |
| Administrative expenses paid from the plan | $195,216 |
| Investment advisory & management fees | $69,419 |
| Benefits paid out | $21,209,540 |
| Net assets, start / end of year | $105.9M / $110.0M |
| Active participants, start / end of year | 1,213 / 1,130 |
| Participants with account balances | 1,381 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $143,773 reported compensation |
| Janney Montgomery Scott LLC | $50,000 reported compensation |
| Charles Schwab & Co., Inc. | $303 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014155330NAL0004434512002, received 2025-10-14, EIN 80-0314696, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.