Hunt Forest Products, L.L.C. 401(k) Review & Grade
Hunt Forest Products, L.L.C. Salary Investment Retirement Plan
Ruston, LAManufacturing612 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,381Employer $ per active participant
$4,032Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$37.9MNet plan assets, end of year
$57,581Average balance per account
Score breakdown
- Employer generosity25.7 / 5051th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 29th |
| Employee saving | 37th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $24,758 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hunt Forest Products put in about $2,381 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.42% 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 | $1,456,151 |
| Participant (employee) contributions | $2,465,431 |
| Other contributions (incl. rollovers in) | $468,479 |
| Administrative expenses paid from the plan | $145,539 |
| Contract administrator fees | $31,550 |
| Benefits paid out | $2,263,816 |
| Net assets, start / end of year | $31.6M / $37.9M |
| Active participants, start / end of year | 557 / 666 |
| Participants with account balances | 658 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell, LLP |
Largest service providers (Schedule C)
| Heard Mcelroy & Vestal, L.L.C. | $100,569 reported compensation |
| Argent Trust Company | $72,086 reported compensation |
| Empower Annuity Insurance Company | $20,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251017065026NAL0003645683001, received 2025-10-17, EIN 72-0822526, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.