Heico Corporation 401(k) Review & Grade
Heico Savings and Investment Plan
Hollywood, FLManufacturing6,744 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,557Employer $ per active participant
$5,100Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$125,325Average balance per account
Score breakdown
- Employer generosity18.6 / 5037th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 89th |
| Employee saving | 38th |
| Peers that auto-enroll | 70% |
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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
- Heico put in about $2,557 per active participant, below the typical peer ($3,452). 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.
- 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 | $17,244,042 |
| Participant (employee) contributions | $34,396,492 |
| Other contributions (incl. rollovers in) | $7,811,962 |
| Administrative expenses paid from the plan | $291,672 |
| Benefits paid out | $85,646,094 |
| Net assets, start / end of year | $842.7M / $1.0B |
| Active participants, start / end of year | 6,503 / 6,986 |
| Participants with account balances | 8,107 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
| Employer stock held by plan | $559,094,487 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $291,672 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728160810NAL0001051219001, received 2025-07-28, EIN 65-0341002, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.