HBD Industries, Inc. 401(k) Review & Grade
Profit Sharing & 401(k) Plan for Employees of HBD Industries, Inc. and Subsidiaries
Dublin, OHManufacturing775 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$901Employer $ per active participant
$3,045Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$66.0MNet plan assets, end of year
$67,018Average balance per account
Score breakdown
- Employer generosity7.3 / 5015th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 50th |
| Employee saving | 23th |
| Peers that auto-enroll | 59% |
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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
- HBD Industries put in about $901 per active participant, below the typical peer ($2,320). 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 | $698,144 |
| Participant (employee) contributions | $2,359,776 |
| Other contributions (incl. rollovers in) | $322,767 |
| Administrative expenses paid from the plan | $149,668 |
| Contract administrator fees | $135,655 |
| Benefits paid out | $7,864,188 |
| Net assets, start / end of year | $62.8M / $66.0M |
| Active participants, start / end of year | 781 / 769 |
| Participants with account balances | 985 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $135,270 reported compensation |
| Global Retirement Partners LLC | $50,792 reported compensation |
| Schneider Downs | $14,013 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922090524NAL0005016241001, received 2025-09-22, EIN 25-1555749, plan #021, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.