Hitachi High-Tech America, Inc. 401(k) Review & Grade
Hitachi High-Tech America, Inc. Shared Savings Plan
Schaumburg, ILWholesale Trade711 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,174Employer $ per active participant
$10,421Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$193.6MNet plan assets, end of year
$215,795Average balance per account
Score breakdown
- Employer generosity44.6 / 5089th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 72th |
| Employee saving | 95th |
| Peers that auto-enroll | 53% |
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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
- Hitachi High-Tech America put in about $5,174 per active participant, more than the typical peer ($1,792). 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 | $3,678,909 |
| Participant (employee) contributions | $7,409,496 |
| Other contributions (incl. rollovers in) | $1,039,173 |
| Administrative expenses paid from the plan | $199,908 |
| Contract administrator fees | $117,503 |
| Investment advisory & management fees | $55,000 |
| Benefits paid out | $18,200,228 |
| Net assets, start / end of year | $170.6M / $193.6M |
| Active participants, start / end of year | 752 / 670 |
| Participants with account balances | 897 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert, LLP |
Largest service providers (Schedule C)
| John Hancock | $117,503 reported compensation |
| Wintrust Investments, LLC | $55,000 reported compensation |
| Cherry Bekaert LLP | $27,405 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014124211NAL0002785585001, received 2025-10-14, EIN 01-0569971, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.