Hri Shared Services, LLC 401(k) Review & Grade
Hri 401(k) Plan
New Orleans, LAReal Estate & Rental1,470 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,146Employer $ per active participant
$2,539Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$44.0MNet plan assets, end of year
$25,019Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 15th |
| Employee saving | 36th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $830 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hri Shared Services put in about $1,146 per active participant, below the typical peer ($1,279). 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 (0.65% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,684,104 |
| Participant (employee) contributions | $3,732,258 |
| Other contributions (incl. rollovers in) | $145,317 |
| Administrative expenses paid from the plan | $268,040 |
| Investment advisory & management fees | $39,930 |
| Benefits paid out | $5,260,013 |
| Net assets, start / end of year | $37.9M / $44.0M |
| Active participants, start / end of year | 1,148 / 1,792 |
| Participants with account balances | 1,759 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Malcolm M. Dienes, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $194,610 reported compensation |
| Malcolm M Dienes, LLC | $33,500 reported compensation |
| Gallagher Fiduciary Advisors LLC | $28,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930100910NAL0016330131001, received 2025-09-30, EIN 92-2224993, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.