Ho-Chunk, Inc. 401(k) Review & Grade
Ho-Chunk, Inc. 401(k) Plan
Winnebago, NERetail Trade1,536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,682Employer $ per active participant
$6,117Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$81.9MNet plan assets, end of year
$41,847Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 26th |
| Employee saving | 92th |
| 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
- Ho-Chunk put in about $2,682 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.46% 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.
- 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 | $4,117,972 |
| Participant (employee) contributions | $9,392,761 |
| Other contributions (incl. rollovers in) | $314,646 |
| Administrative expenses paid from the plan | $352,944 |
| Contract administrator fees | $352,944 |
| Benefits paid out | $11,751,924 |
| Net assets, start / end of year | $71.2M / $81.9M |
| Active participants, start / end of year | 1,590 / 1,481 |
| Participants with account balances | 1,958 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | King, Reinsch, Prosser & Co., LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $167,943 reported compensation |
| Osaic Wealth, Inc. | $142,900 reported compensation |
| Woodbury Financial Services, Inc. | $41,887 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014153916NAL0006627938001, received 2025-10-14, EIN 47-0784077, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.