Hillspire, LLC 401(k) Review & Grade
Hillspire, LLC Retirement Savings Plan
Palo Alto, CAProfessional, Scientific & Technical Services608 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,284Employer $ per active participant
$16,925Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$94.1MNet plan assets, end of year
$95,452Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1594th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 68th |
| Employee saving | 94th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($270,150 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $14,732 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hillspire put in about $10,284 per active participant, more than the typical peer ($3,082). 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 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 | $6,252,700 |
| Participant (employee) contributions | $10,290,468 |
| Other contributions (incl. rollovers in) | $834,619 |
| Administrative expenses paid from the plan | $104,731 |
| Benefits paid out | $5,883,261 |
| Net assets, start / end of year | $70.8M / $94.1M |
| Active participants, start / end of year | 524 / 692 |
| Participants with account balances | 986 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frank, Rimerman + Co. LLP |
Largest service providers (Schedule C)
| Slavic Integrated Administration | $96,376 reported compensation |
| Hillspire, LLC | $8,355 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015193613NAL0005744161001, received 2025-10-15, EIN 56-2617820, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.