Intergraph Corporation 401(k) Review & Grade
Hexagon Employee Retirement Savings Plan
Madison, ALProfessional, Scientific & Technical Services4,626 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,407Employer $ per active participant
$12,159Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$214,517Average balance per account
Score breakdown
- Employer generosity43.5 / 5087th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 79th |
| Employee saving | 69th |
| Peers that auto-enroll | 47% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($412,298 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $7,702 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Intergraph put in about $7,407 per active participant, more than the typical peer ($2,951). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $34,259,208 |
| Participant (employee) contributions | $56,239,651 |
| Other contributions (incl. rollovers in) | $8,654,529 |
| Administrative expenses paid from the plan | $752,249 |
| Other admin expenses | $752,249 |
| Benefits paid out | $154,696,794 |
| Net assets, start / end of year | $1.5B / $1.7B |
| Active participants, start / end of year | 4,638 / 4,613 |
| Participants with account balances | 7,698 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $415,450 reported compensation |
| Warren Averett LLC | $179,488 reported compensation |
| Aon Investments USA Inc | $173,960 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010164800NAL0013020912001, received 2025-10-10, EIN 63-0573222, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.