Hugg & Hall Equipment Co. 401(k) Review & Grade
Hugg & Hall Equipment 401(k) Profit Sharing Plan
Little Rock, ARReal Estate & Rental785 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$791Employer $ per active participant
$4,600Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$45.6MNet plan assets, end of year
$54,933Average balance per account
Score breakdown
- Employer generosity16.4 / 5033th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 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 | 33th |
| Lower admin cost | 45th |
| Employee saving | 62th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $85,302 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hugg & Hall Equipment put in about $791 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.
- 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 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 | $620,729 |
| Participant (employee) contributions | $3,611,190 |
| Other contributions (incl. rollovers in) | $842,947 |
| Administrative expenses paid from the plan | $112,077 |
| Investment advisory & management fees | $70,953 |
| Other admin expenses | $14,247 |
| Benefits paid out | $2,791,101 |
| Net assets, start / end of year | $37.8M / $45.6M |
| Active participants, start / end of year | 780 / 790 |
| Participants with account balances | 830 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HCJ Cpas and Advisors, PLLC |
Largest service providers (Schedule C)
| Stephens Group Asset Management LLC | $46,344 reported compensation |
| Empower Advisory Group, LLC | $24,609 reported compensation |
| Empower Annuity Insurance Company O | $20,399 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904074732NAL0027128096001, received 2025-09-04, EIN 71-0416379, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.