Hotwire Communications, LTD. 401(k) Review & Grade
Hotwire Communications 401(k) Plan
Fort Lauderdale, FLInformation1,828 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,423Employer $ per active participant
$2,812Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$36.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 32th |
| Employee saving | 11th |
| Peers that auto-enroll | 59% |
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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
- Hotwire Communications put in about $1,423 per active participant, below the typical peer ($2,829). 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 (0.39% 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 | $2,602,854 |
| Participant (employee) contributions | $5,141,020 |
| Other contributions (incl. rollovers in) | $922,324 |
| Administrative expenses paid from the plan | $120,339 |
| Contract administrator fees | $93,127 |
| Benefits paid out | $2,118,529 |
| Net assets, start / end of year | $25.9M / $36.5M |
| Active participants, start / end of year | 1,761 / 1,896 |
| Participants with account balances | 886 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $121,580 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918140437NAL0000697667001, received 2025-09-18, EIN 01-0744734, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.