The Havi Group Limited Partnership 401(k) Review & Grade
The Havi Group Limited Partnership Profit Sharing and Savings Plan
Chicago, ILWholesale Trade1,114 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,015Employer $ per active participant
$12,925Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$359.8MNet plan assets, end of year
$219,541Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost20.4 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 81th |
| Employee saving | 98th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $761 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Havi Group Limited Partnership put in about $10,015 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.
- 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 | $11,151,845 |
| Participant (employee) contributions | $14,392,409 |
| Other contributions (incl. rollovers in) | $5,242,828 |
| Administrative expenses paid from the plan | $239,401 |
| Contract administrator fees | $119,721 |
| Investment advisory & management fees | $96,317 |
| Benefits paid out | $35,147,768 |
| Net assets, start / end of year | $321.2M / $359.8M |
| Active participants, start / end of year | 1,064 / 1,163 |
| Participants with account balances | 1,639 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $123,621 reported compensation |
| Aon Investments USA Inc | $86,568 reported compensation |
| Forvis | $23,362 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731151002NAL0006245473001, received 2025-07-31, EIN 36-3600106, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.