Hutson Inc. 401(k) Review & Grade
Hutson Inc. 401(k) Profit Sharing Plan
Murray, KYWholesale Trade798 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,522Employer $ per active participant
$5,988Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$42.1MNet plan assets, end of year
$50,137Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 23th |
| Employee saving | 67th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Hutson put in about $1,522 per active participant, below the typical peer ($1,792). 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 (0.50% 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 | $1,214,914 |
| Participant (employee) contributions | $4,778,280 |
| Other contributions (incl. rollovers in) | $241,338 |
| Administrative expenses paid from the plan | $194,162 |
| Investment advisory & management fees | $86,623 |
| Benefits paid out | $4,511,153 |
| Net assets, start / end of year | $35.5M / $42.1M |
| Active participants, start / end of year | 865 / 731 |
| Participants with account balances | 840 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Blythe Cpas PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $107,538 reported compensation |
| HPM Partners, LLC | $86,623 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718064512NAL0000602627001, received 2025-07-18, EIN 61-1272226, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.