Hm.clause, Inc. 401(k) Review & Grade
Hm.clause, Inc. 401(k) Retirement Plan
Davis, CAAgriculture, Forestry, Fishing & Hunting607 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,830Employer $ per active participant
$6,674Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$102.0MNet plan assets, end of year
$131,842Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 58th |
| Employee saving | 91th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($246,702 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Hm.clause put in about $6,830 per active participant, more than the typical peer ($774). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,145,525 |
| Participant (employee) contributions | $4,051,148 |
| Other contributions (incl. rollovers in) | $830,212 |
| Administrative expenses paid from the plan | $172,721 |
| Contract administrator fees | $570 |
| Investment advisory & management fees | $67,558 |
| Other admin expenses | $75,636 |
| Benefits paid out | $10,618,275 |
| Net assets, start / end of year | $92.2M / $102.0M |
| Active participants, start / end of year | 495 / 719 |
| Participants with account balances | 774 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| NWK Group Inc | $65,000 reported compensation |
| Empower Annuity Insurance Company | $52,325 reported compensation |
| Advised Assets Group, LLC | $2,558 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014183248NAL0003504449001, received 2025-10-14, EIN 94-1695235, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.