The Honey Baked Ham Company, LLC 401(k) Review & Grade
The Honey Baked Ham Company, LLC 401k Plan and Trust
Alpharetta, GARetail Trade4,098 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$342Employer $ per active participant
$717Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$37.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.2 / 5026th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 50th |
| Employee saving | 11th |
| Peers that auto-enroll | 42% |
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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
- Honey Baked Ham Company put in about $342 per active participant, below the typical peer ($650). 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.
- 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 | $1,402,235 |
| Participant (employee) contributions | $2,937,314 |
| Other contributions (incl. rollovers in) | $713,318 |
| Administrative expenses paid from the plan | $43,966 |
| Benefits paid out | $5,972,378 |
| Net assets, start / end of year | $33.5M / $37.4M |
| Active participants, start / end of year | 3,782 / 4,415 |
| Participants with account balances | 736 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $43,966 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805094756NAL0001738097001, received 2025-08-05, EIN 47-3373810, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.