Highspot, Inc. 401(k) Review & Grade
Highspot, Inc. 401(k) Plan
Seattle, WAInformation524 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,504Employer $ per active participant
$15,981Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$55.9MNet plan assets, end of year
$62,620Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 60th |
| Employee saving | 91th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,965 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Highspot put in about $3,504 per active participant, more than the typical peer ($2,829). 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 | $1,837,936 |
| Participant (employee) contributions | $8,381,847 |
| Other contributions (incl. rollovers in) | $976,738 |
| Administrative expenses paid from the plan | $87,316 |
| Investment advisory & management fees | $23,839 |
| Benefits paid out | $11,207,375 |
| Net assets, start / end of year | $48.4M / $55.9M |
| Active participants, start / end of year | 574 / 475 |
| Participants with account balances | 893 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Nuber, P.S. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $43,077 reported compensation |
| Clark Nuber PS | $20,400 reported compensation |
| Usi Advisors, Inc. | $15,682 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925153013NAL0009912864001, received 2025-09-25, EIN 46-5072122, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.