HMS Holdings LLC 401(k) Review & Grade
Hendrick Motorsports, LLC 401(k) Plan
Charlotte, NCArts, Entertainment & Recreation628 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,746Employer $ per active participant
$11,585Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$128.1MNet plan assets, end of year
$164,659Average balance per account
Score breakdown
- Employer generosity44.2 / 5088th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 69th |
| Employee saving | 99th |
| Peers that auto-enroll | 38% |
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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
- HMS Holdings put in about $2,746 per active participant, more than the typical peer ($995). 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 | $1,724,733 |
| Participant (employee) contributions | $7,275,637 |
| Other contributions (incl. rollovers in) | $666,556 |
| Administrative expenses paid from the plan | $147,372 |
| Contract administrator fees | $71,728 |
| Investment advisory & management fees | $74,980 |
| Benefits paid out | $8,898,942 |
| Net assets, start / end of year | $112.6M / $128.1M |
| Active participants, start / end of year | 604 / 652 |
| Participants with account balances | 778 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $75,253 reported compensation |
| Mma Securities LLC | $74,980 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013092947NAL0001617312001, received 2025-10-13, EIN 61-1432963, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.