HKS, Inc. 401(k) Review & Grade
HKS, Inc. 401(k) Plan
Dallas, TXProfessional, Scientific & Technical Services1,350 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,142Employer $ per active participant
$12,501Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$290.9MNet plan assets, end of year
$158,711Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 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 | 51th |
| Lower admin cost | 89th |
| Employee saving | 78th |
| Peers that auto-enroll | 48% |
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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
- HKS put in about $3,142 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 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 | $4,242,979 |
| Participant (employee) contributions | $16,883,023 |
| Other contributions (incl. rollovers in) | $4,196,182 |
| Administrative expenses paid from the plan | $121,385 |
| Other admin expenses | $121,385 |
| Benefits paid out | $26,408,573 |
| Net assets, start / end of year | $253.9M / $290.9M |
| Active participants, start / end of year | 1,373 / 1,328 |
| Participants with account balances | 1,833 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $121,363 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163512NAL0002757443001, received 2025-10-15, EIN 75-1082838, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.