Hornblower Group, Inc. 401(k) Review & Grade
Hornblower Group, Inc.and All Affiliates 401(k) Plan
San Francisco, CAArts, Entertainment & Recreation3,776 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,432Employer $ per active participant
$2,786Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$101.8MNet plan assets, end of year
$23,419Average balance per account
Score breakdown
- Employer generosity32.4 / 5065th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 51th |
| Employee saving | 44th |
| Peers that auto-enroll | 43% |
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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 ($1,055,723 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,257 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hornblower Group put in about $1,432 per active participant, more than the typical peer ($1,107). 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.
- 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.
- 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 | $5,404,748 |
| Participant (employee) contributions | $10,518,124 |
| Other contributions (incl. rollovers in) | $624,213 |
| Administrative expenses paid from the plan | $114,074 |
| Contract administrator fees | $300 |
| Other admin expenses | $35,314 |
| Benefits paid out | $16,031,962 |
| Net assets, start / end of year | $89.2M / $101.8M |
| Active participants, start / end of year | 3,674 / 3,877 |
| Participants with account balances | 4,349 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Insero & Co. Cpa's LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $78,760 reported compensation |
| Capfinancial Partners, LLC | $35,314 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007212919NAL0012229218001, received 2025-10-07, EIN 94-3460564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.