Hawthorne Residential Partners 401(k) Review & Grade
Hawthorne Residential Partners 401(k) Profit Sharing Plan & Trust
Greensboro, NCReal Estate & Rental1,333 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,468Employer $ per active participant
$3,089Employee $ saved per active participant
1.02%Direct admin cost, % of plan assets
$26.9MNet plan assets, end of year
$15,924Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 6th |
| Employee saving | 43th |
| Peers that auto-enroll | 47% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $8,224 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hawthorne Residential Partners put in about $1,468 per active participant, more than the typical peer ($1,279). 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.
- Direct plan expenses (1.02% of assets) are well above similar-size plans (0.23%). 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 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 | $1,957,490 |
| Participant (employee) contributions | $4,118,051 |
| Other contributions (incl. rollovers in) | $1,046,798 |
| Administrative expenses paid from the plan | $239,900 |
| Investment advisory & management fees | $51,054 |
| Benefits paid out | $2,811,017 |
| Net assets, start / end of year | $20.0M / $26.9M |
| Active participants, start / end of year | 1,268 / 1,398 |
| Participants with account balances | 1,689 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Leeper, Kean and Rumley |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $114,148 reported compensation |
| Capfinancial Partners LLC DBA Captr | $31,032 reported compensation |
| Empower Advisory Group, LLC | $20,022 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010145350NAL0004726051001, received 2025-10-10, EIN 26-4141876, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.