House Hasson Hardware Co., Inc. 401(k) Review & Grade
House Hasson Hardware Co. , Inc. Employees
Knoxville, TNWholesale Trade606 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,531Employer $ per active participant
$2,372Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$22.3MNet plan assets, end of year
$32,874Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 82th |
| Employee saving | 15th |
| Peers that auto-enroll | 53% |
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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 ($30,865 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $142,408 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- House Hasson Hardware Co. put in about $1,531 per active participant, below the typical peer ($1,792). 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.
- 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 | $927,538 |
| Participant (employee) contributions | $1,437,145 |
| Other contributions (incl. rollovers in) | $462,262 |
| Administrative expenses paid from the plan | $14,465 |
| Contract administrator fees | $5,800 |
| Investment advisory & management fees | $7,015 |
| Other admin expenses | $1,650 |
| Benefits paid out | $3,654,343 |
| Net assets, start / end of year | $21.0M / $22.3M |
| Active participants, start / end of year | 563 / 649 |
| Participants with account balances | 678 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pugh & Co., PC |
Largest service providers (Schedule C)
| Rutter William Rprof | $26,564 reported compensation |
| Voya Retirement Insurance & Annuity | $9,301 reported compensation |
| Voya Retirement Advisors, LLC | $5,164 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014163101NAL0001652611001, received 2025-10-14, EIN 62-0242050, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.