Hi-Temp Insulation, Inc. 401(k) Review & Grade
Hi-Temp Insulation Savings and Retirement Plan
Camarillo, CAManufacturing500 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,735Employer $ per active participant
$3,483Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$49.9MNet plan assets, end of year
$83,356Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 51th |
| Employee saving | 30th |
| 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
- Hi-Temp Insulation put in about $5,735 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 | $2,867,625 |
| Participant (employee) contributions | $1,741,579 |
| Other contributions (incl. rollovers in) | $110,379 |
| Administrative expenses paid from the plan | $103,455 |
| Contract administrator fees | $103,455 |
| Benefits paid out | $2,599,108 |
| Net assets, start / end of year | $43.5M / $49.9M |
| Active participants, start / end of year | 494 / 506 |
| Participants with account balances | 599 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lee CPA Audit Group |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $101,822 reported compensation |
| G.K.V. Capital Management Co. Inc | $15,000 reported compensation |
| Nova 401(k) Associates | $14,787 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702073200NAL0013354497003, received 2025-07-02, EIN 95-2894441, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.