Hallcon Corporation 401(k) Review & Grade
Hallcon Retirement Savings Plan
Lenexa, KSTransportation & Warehousing4,306 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$107Employer $ per active participant
$413Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$14.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.6 / 503th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 24th |
| Employee saving | 2th |
| Peers that auto-enroll | 46% |
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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 ($730,084 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Hallcon put in about $107 per active participant, below the typical peer ($1,834). 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.
- Direct plan expenses (0.29% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $462,618 |
| Participant (employee) contributions | $1,780,227 |
| Other contributions (incl. rollovers in) | $98,018 |
| Administrative expenses paid from the plan | $41,624 |
| Benefits paid out | $3,353,265 |
| Net assets, start / end of year | $14.0M / $14.6M |
| Active participants, start / end of year | 4,965 / 3,648 |
| Participants with account balances | 1,605 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pickett, Chaney & Mcmullen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $27,674 reported compensation |
| Pickett, Chaney &mcmullen, LLP | $13,950 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014165712NAL0001676339001, received 2025-10-14, EIN 95-4688677, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.