Henny Penny Corporation 401(k) Review & Grade
Henny Penny Corporation Employees 401(k) Retirement Plan
Eaton, OHManufacturing1,033 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,260Employer $ per active participant
$6,165Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$132.7MNet plan assets, end of year
$107,876Average balance per account
Score breakdown
- Employer generosity38.8 / 5078th percentile for employer $ per participant
- Low cost15.4 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 61th |
| Employee saving | 66th |
| Peers that auto-enroll | 59% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Henny Penny put in about $4,260 per active participant, more than the typical peer ($2,320). 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.
- 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 | $4,400,578 |
| Participant (employee) contributions | $6,368,120 |
| Other contributions (incl. rollovers in) | $2,177,090 |
| Administrative expenses paid from the plan | $198,050 |
| Investment advisory & management fees | $22,500 |
| Other admin expenses | $69,352 |
| Benefits paid out | $11,499,942 |
| Net assets, start / end of year | $116.1M / $132.7M |
| Active participants, start / end of year | 1,084 / 982 |
| Participants with account balances | 1,230 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $106,198 reported compensation |
| Everhart Advisors | $91,873 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014093147NAL0001176099001, received 2025-10-14, EIN 31-1179223, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.