Hollins Management Group, Inc. 401(k) Review & Grade
Hollins Management Group, Inc.401(k) Plan
Upland, CAProfessional, Scientific & Technical Services4,366 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$97Employer $ per active participant
$542Employee $ saved per active participant
2.55%Direct admin cost, % of plan assets
$9.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.6 / 509th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 0th |
| Employee saving | 6th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $24,087 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hollins Management Group put in about $97 per active participant, below the typical peer ($2,951). 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.
- Direct plan expenses (2.55% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $424,902 |
| Participant (employee) contributions | $2,368,310 |
| Other contributions (incl. rollovers in) | $161,701 |
| Administrative expenses paid from the plan | $203,112 |
| Contract administrator fees | $173,010 |
| Investment advisory & management fees | $15,051 |
| Other admin expenses | $15,051 |
| Benefits paid out | $1,454,752 |
| Net assets, start / end of year | $6.9M / $9.1M |
| Active participants, start / end of year | 3,842 / 4,891 |
| Participants with account balances | 1,803 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Orenda Retirement LLC | $89,897 reported compensation |
| Principal Life Insurance Company | $86,714 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $30,174 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102107NAL0002609889001, received 2025-10-14, EIN 20-5854881, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.