Haier US Appliance Solutions, Inc. 401(k) Review & Grade
Advanced Services, Inc. Employee Savings and Retirement Plan
Memphis, TNProfessional, Scientific & Technical Services1,048 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$796Employer $ per active participant
$1,418Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$20.6MNet plan assets, end of year
$34,770Average balance per account
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 76th |
| Employee saving | 7th |
| Peers that auto-enroll | 48% |
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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
- Haier US Appliance Solutions put in about $796 per active participant, below the typical peer ($3,082). 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 | $833,910 |
| Participant (employee) contributions | $1,486,506 |
| Other contributions (incl. rollovers in) | $77,879 |
| Administrative expenses paid from the plan | $18,001 |
| Investment advisory & management fees | $1,806 |
| Benefits paid out | $1,790,191 |
| Net assets, start / end of year | $17.9M / $20.6M |
| Active participants, start / end of year | 958 / 1,138 |
| Participants with account balances | 592 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $15,763 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924133550NAL0007614561001, received 2025-09-24, EIN 62-1422274, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.