Hoya Holdings, Inc. 401(k) Review & Grade
Hoya Shared Savings Plan
Milpitas, CAManagement of Companies1,842 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,013Employer $ per active participant
$4,527Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$173.4MNet plan assets, end of year
$93,287Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 42th |
| Employee saving | 37th |
| Peers that auto-enroll | 58% |
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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 ($440,898 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Hoya Holdings put in about $2,013 per active participant, below the typical peer ($2,492). 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 | $3,709,592 |
| Participant (employee) contributions | $8,340,888 |
| Other contributions (incl. rollovers in) | $1,533,511 |
| Administrative expenses paid from the plan | $469,343 |
| Contract administrator fees | $321,916 |
| Investment advisory & management fees | $106,967 |
| Benefits paid out | $20,029,712 |
| Net assets, start / end of year | $155.5M / $173.4M |
| Active participants, start / end of year | 1,796 / 1,889 |
| Participants with account balances | 1,859 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sensiba LLP |
Largest service providers (Schedule C)
| John Hancock | $361,175 reported compensation |
| Mercer Consulting | $52,708 reported compensation |
| Singerlewak LLP | $40,460 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002101305NAL0000235523001, received 2025-10-02, EIN 94-2205027, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.