Holman Distribution Center of Washington Inc 401(k) Review & Grade
Holman Distribution Centers 401(k) Profit Sharing Plan
Federal Way, WATransportation & Warehousing1,068 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,841Employer $ per active participant
$2,168Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$33.3MNet plan assets, end of year
$28,088Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 22th |
| Employee saving | 32th |
| Peers that auto-enroll | 37% |
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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 ($51 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $37,379 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Holman Distribution Center of Washington put in about $1,841 per active participant, more than the typical peer ($1,070). 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 (0.51% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,966,700 |
| Participant (employee) contributions | $2,315,178 |
| Other contributions (incl. rollovers in) | $261,548 |
| Administrative expenses paid from the plan | $159,358 |
| Contract administrator fees | $114,890 |
| Investment advisory & management fees | $44,468 |
| Benefits paid out | $3,266,871 |
| Net assets, start / end of year | $28.8M / $33.3M |
| Active participants, start / end of year | 1,040 / 1,096 |
| Participants with account balances | 1,186 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Shannon & Associates, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $114,890 reported compensation |
| Capfinancial Partners, LLC | $23,035 reported compensation |
| Trutina Financial | $21,456 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014173649NAL0004643632001, received 2025-10-14, EIN 91-1065515, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.