Holistic Industries Inc. 401(k) Review & Grade
Holistic Industries 401(k) Plan
Westborough, MAHealth Care & Social Assistance665 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$617Employer $ per active participant
$1,399Employee $ saved per active participant
1.66%Direct admin cost, % of plan assets
$2.8MNet plan assets, end of year
$3,301Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost0.5 / 252th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 2th |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($105,237 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Holistic Industries put in about $617 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- 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 (1.66% 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.
- 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 | $410,525 |
| Participant (employee) contributions | $930,453 |
| Other contributions (incl. rollovers in) | $88,076 |
| Administrative expenses paid from the plan | $35,910 |
| Contract administrator fees | $18,645 |
| Investment advisory & management fees | $17,265 |
| Benefits paid out | $464,226 |
| Net assets, start / end of year | $1.6M / $2.8M |
| Active participants, start / end of year | 635 / 695 |
| Participants with account balances | 835 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | MH CPA PLLC |
Largest service providers (Schedule C)
| PCS Retirement LLC | $18,645 reported compensation |
| PCS Retirement LLC | $17,265 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008124539NAL0009429312001, received 2025-10-08, EIN 83-3070502, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.