The Habegger Corporation 401(k) Review & Grade
The Habegger Corporation 401(k) Profit Sharing Plan and Trust
Sharonville, OHWholesale Trade606 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,208Employer $ per active participant
$5,188Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$81.5MNet plan assets, end of year
$118,485Average balance per account
Score breakdown
- Employer generosity44.9 / 5090th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1558th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 53th |
| Employee saving | 58th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $116 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Habegger put in about $5,208 per active participant, more than the typical peer ($1,792). 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.
- 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 | $3,158,822 |
| Participant (employee) contributions | $3,146,393 |
| Other contributions (incl. rollovers in) | $60,175 |
| Administrative expenses paid from the plan | $161,830 |
| Contract administrator fees | $21,318 |
| Investment advisory & management fees | $138,562 |
| Other admin expenses | $1,950 |
| Benefits paid out | $8,823,497 |
| Net assets, start / end of year | $73.5M / $81.5M |
| Active participants, start / end of year | 627 / 586 |
| Participants with account balances | 688 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Barnes Denning |
Largest service providers (Schedule C)
| Voya Retirement Insurance and Annui | $68,088 reported compensation |
| Ubs Financial Services Inc | $47,250 reported compensation |
| Latitude Service Company Inc | $23,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130714NAL0006079282001, received 2025-10-14, EIN 31-1225518, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.