Holt of California 401(k) Review & Grade
The Holt Retirement Plan
Pleasant Grove, CAWholesale Trade900 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,585Employer $ per active participant
$6,526Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$135.0MNet plan assets, end of year
$138,991Average balance per account
Score breakdown
- Employer generosity45.4 / 5091th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 68th |
| Employee saving | 74th |
| Peers that auto-enroll | 53% |
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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 ($85 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
- Holt of California put in about $5,585 per active participant, more than the typical peer ($1,792). 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 | $5,026,280 |
| Participant (employee) contributions | $5,873,341 |
| Other contributions (incl. rollovers in) | $357,475 |
| Administrative expenses paid from the plan | $161,400 |
| Contract administrator fees | $161,400 |
| Benefits paid out | $13,759,065 |
| Net assets, start / end of year | $123.6M / $135.0M |
| Active participants, start / end of year | 884 / 916 |
| Participants with account balances | 971 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $161,400 reported compensation |
| Holt of California | $16,440 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717095727NAL0000021363001, received 2025-07-17, EIN 68-0421094, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.