Hospital Housekeeping Systems, LLC 401(k) Review & Grade
Hospital Housekeeping Systems 401(k) Benefit Plan
Dripping Springs, TXOther Services15,144 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$88Employer $ per active participant
$322Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$35.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 6th |
| Employee saving | 4th |
| Peers that auto-enroll | 50% |
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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 ($864,861 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $83,995 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hospital Housekeeping Systems put in about $88 per active participant, below the typical peer ($2,229). 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 (0.40% of assets) are well above similar-size plans (0.09%). 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 | $1,325,355 |
| Participant (employee) contributions | $4,878,278 |
| Other contributions (incl. rollovers in) | $1,797,364 |
| Administrative expenses paid from the plan | $128,100 |
| Investment advisory & management fees | $38,444 |
| Benefits paid out | $5,464,082 |
| Net assets, start / end of year | $29.2M / $35.5M |
| Active participants, start / end of year | 15,679 / 14,609 |
| Participants with account balances | 1,762 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Maxwell Locke & Ritter LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $89,656 reported compensation |
| NFP Retirement Inc | $35,585 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260123155153NAL0005790497001, received 2026-01-23, EIN 74-2983259, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.