Hunter Industries Incorporated 401(k) Review & Grade
The Hunter Savings Investment Plan
San Marcos, CAManufacturing1,186 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,427Employer $ per active participant
$7,743Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$220.4MNet plan assets, end of year
$141,128Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 62th |
| Employee saving | 79th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,441 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hunter Industries Incorporated put in about $3,427 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.
- 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 | $4,065,774 |
| Participant (employee) contributions | $9,187,343 |
| Other contributions (incl. rollovers in) | $1,357,254 |
| Administrative expenses paid from the plan | $329,645 |
| Investment advisory & management fees | $219,603 |
| Other admin expenses | $600 |
| Benefits paid out | $17,313,902 |
| Net assets, start / end of year | $195.3M / $220.4M |
| Active participants, start / end of year | 1,186 / 1,187 |
| Participants with account balances | 1,562 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | JGD &associates LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $119,701 reported compensation |
| Empower Annuity Insurance Company O | $109,442 reported compensation |
| Mma Securities LLC | $99,903 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730180441NAL0007202080001, received 2025-07-30, EIN 33-0592522, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.