Hiller, LLC DBA Hiller Plumbing, Heating, Cooling & Electrical 401(k) Review & Grade
Hiller, LLC 401(k) Plan
Nashville, TNConstruction946 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$684Employer $ per active participant
$1,975Employee $ saved per active participant
1.00%Direct admin cost, % of plan assets
$17.4MNet plan assets, end of year
$34,216Average balance per account
Score breakdown
- Employer generosity11.4 / 5023th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 6th |
| Employee saving | 22th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($109,723 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,993 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hiller, LLC DBA Hiller Plumbing, Heating, Cooling & Electrical put in about $684 per active participant, below the typical peer ($1,672). 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.
- Direct plan expenses (1.00% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $646,922 |
| Participant (employee) contributions | $1,868,598 |
| Other contributions (incl. rollovers in) | $461,850 |
| Administrative expenses paid from the plan | $157,578 |
| Contract administrator fees | $69,018 |
| Investment advisory & management fees | $36,582 |
| Benefits paid out | $1,331,607 |
| Net assets, start / end of year | $14.0M / $17.4M |
| Active participants, start / end of year | 1,110 / 782 |
| Participants with account balances | 509 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Ins Group of Amer | $55,117 reported compensation |
| Northwestern Mutual Wealth Mgmt Co | $36,138 reported compensation |
| Empower Advisory Group, LLC | $15,840 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015103938NAL0004319249001, received 2025-10-15, EIN 80-0968579, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.