Hollingsworth Management Services, L.L.C. 401(k) Review & Grade
Hollingsworth Management Services, L.LC. 401(k) Plan
Dearborn, MITransportation & Warehousing1,468 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$908Employer $ per active participant
$1,367Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$36.0MNet plan assets, end of year
$39,129Average balance per account
Score breakdown
- Employer generosity22.9 / 5046th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 29th |
| Employee saving | 20th |
| Peers that auto-enroll | 37% |
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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
- Hollingsworth Management Services put in about $908 per active participant, below the typical peer ($1,070). 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 (0.42% 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 | $1,333,153 |
| Participant (employee) contributions | $2,007,303 |
| Other contributions (incl. rollovers in) | $60,567 |
| Administrative expenses paid from the plan | $145,656 |
| Investment advisory & management fees | $82,966 |
| Benefits paid out | $5,626,522 |
| Net assets, start / end of year | $33.4M / $36.0M |
| Active participants, start / end of year | 1,595 / 1,341 |
| Participants with account balances | 919 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Raymond James & Associates Inc | $82,966 reported compensation |
| Fidelity Investments Institutional | $62,690 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826143129NAL0004485731001, received 2025-08-26, EIN 38-3441801, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.