The Hagadone Corporation 401(k) Review & Grade
The Hagadone Corporation Retirement Plan
Coeur D, IDInformation1,553 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$289Employer $ per active participant
$1,226Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$42.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.3 / 5011th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 57th |
| Employee saving | 4th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($113 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $83,670 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hagadone put in about $289 per active participant, below the typical peer ($2,829). 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.
- 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 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 | $448,438 |
| Participant (employee) contributions | $1,903,349 |
| Other contributions (incl. rollovers in) | $35,900 |
| Administrative expenses paid from the plan | $74,017 |
| Investment advisory & management fees | $1,944 |
| Other admin expenses | $2,799 |
| Benefits paid out | $3,618,039 |
| Net assets, start / end of year | $38.7M / $42.8M |
| Active participants, start / end of year | 1,509 / 1,597 |
| Participants with account balances | 599 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $67,821 reported compensation |
| Innovest Portfolio Solutions LLC | $2,512 reported compensation |
| Empower Advisory Group, LLC | $1,944 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003154239NAL0001585825001, received 2025-10-03, EIN 82-0288922, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.