HMT LLC 401(k) Review & Grade
HMT 401(k) Retirement Plan
The Woodlands, TXConstruction1,214 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$538Employer $ per active participant
$2,989Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$40.7MNet plan assets, end of year
$46,415Average balance per account
Score breakdown
- Employer generosity8.6 / 5017th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 50th |
| Employee saving | 36th |
| Peers that auto-enroll | 44% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($341,402 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $123,638 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- HMT put in about $538 per active participant, below the typical peer ($1,672). 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.
- 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 | $652,289 |
| Participant (employee) contributions | $3,626,830 |
| Other contributions (incl. rollovers in) | $98,753 |
| Administrative expenses paid from the plan | $89,046 |
| Other admin expenses | $50,337 |
| Benefits paid out | $4,604,135 |
| Net assets, start / end of year | $36.1M / $40.7M |
| Active participants, start / end of year | 1,223 / 1,204 |
| Participants with account balances | 876 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Northwestern Mutual | $50,540 reported compensation |
| T Rowe Price RPS Inc | $38,709 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003090210NAL0002002784001, received 2025-10-03, EIN 52-2207348, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.