Hibu Inc. 401(k) Review & Grade
Hibu Inc. 401(k) Profit Sharing Plan Trust
Cedar Rapids, IAProfessional, Scientific & Technical Services1,498 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,806Employer $ per active participant
$7,446Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$351.7MNet plan assets, end of year
$141,407Average balance per account
Score breakdown
- Employer generosity15.6 / 5031th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 77th |
| Employee saving | 38th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Hibu put in about $1,806 per active participant, below the typical peer ($3,082). 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 | $2,707,010 |
| Participant (employee) contributions | $11,157,539 |
| Other contributions (incl. rollovers in) | $1,731,604 |
| Administrative expenses paid from the plan | $297,862 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $83,053 |
| Other admin expenses | $55,000 |
| Benefits paid out | $34,799,483 |
| Net assets, start / end of year | $316.3M / $351.7M |
| Active participants, start / end of year | 1,288 / 1,709 |
| Participants with account balances | 2,487 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $151,017 reported compensation |
| Strategic Advisors, Inc. | $83,053 reported compensation |
| Capital Strategies Investment Grou | $55,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908154243NAL0019600801001, received 2025-09-08, EIN 20-0829862, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.