Here North America, LLC 401(k) Review & Grade
Here North America, LLC Retirement Savings and Investment Plan
Chicago, ILProfessional, Scientific & Technical Services806 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,083Employer $ per active participant
$19,401Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$466.2MNet plan assets, end of year
$283,952Average balance per account
Score breakdown
- Employer generosity39.9 / 5080th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 86th |
| Employee saving | 98th |
| Peers that auto-enroll | 48% |
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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
- Here North America put in about $6,083 per active participant, more than the typical peer ($3,082). 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.
- 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 | $4,906,097 |
| Participant (employee) contributions | $15,646,699 |
| Other contributions (incl. rollovers in) | $1,072,247 |
| Administrative expenses paid from the plan | $240,609 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $115,438 |
| Benefits paid out | $41,796,200 |
| Net assets, start / end of year | $423.1M / $466.2M |
| Active participants, start / end of year | 833 / 780 |
| Participants with account balances | 1,642 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $98,427 reported compensation |
| Abd Retirement Services, Inc. | $85,000 reported compensation |
| Strategic Advisors, Inc. | $30,438 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917134204NAL0001226738001, received 2025-09-17, EIN 77-0080465, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.