Hood Container Corporation 401(k) Review & Grade
Hood Container Corporation 401(k) Savings Plan
Atlanta, GAManufacturing2,505 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,614Employer $ per active participant
$4,864Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$185.4MNet plan assets, end of year
$87,929Average balance per account
Score breakdown
- Employer generosity19.1 / 5038th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 40th |
| Employee saving | 35th |
| Peers that auto-enroll | 70% |
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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
- Hood Container put in about $2,614 per active participant, below the typical peer ($3,452). 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.
- 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.
- 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 | $6,548,111 |
| Participant (employee) contributions | $12,184,651 |
| Other contributions (incl. rollovers in) | $8,558,535 |
| Administrative expenses paid from the plan | $296,754 |
| Contract administrator fees | $296,754 |
| Benefits paid out | $23,971,915 |
| Net assets, start / end of year | $162.6M / $185.4M |
| Active participants, start / end of year | 2,617 / 2,393 |
| Participants with account balances | 2,109 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Horne LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $298,918 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $60,057 reported compensation |
| Morningstar Investment Management | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013132442NAL0000649187001, received 2025-10-13, EIN 45-5429198, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.