Howard Hanna Smythe Cramer 401(k) Review & Grade
Hanna Holdings Retirement Savings Plan
Pittsburgh, PAReal Estate & Rental964 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$360Employer $ per active participant
$5,421Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$63.1MNet plan assets, end of year
$64,201Average balance per account
Score breakdown
- Employer generosity7.9 / 5016th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 45th |
| Employee saving | 71th |
| Peers that auto-enroll | 47% |
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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 ($388 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $18,116 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Howard Hanna Smythe Cramer put in about $360 per active participant, below the typical peer ($1,279). 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 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 | $346,560 |
| Participant (employee) contributions | $5,226,106 |
| Other contributions (incl. rollovers in) | $1,232,176 |
| Administrative expenses paid from the plan | $159,666 |
| Investment advisory & management fees | $69,095 |
| Benefits paid out | $7,194,976 |
| Net assets, start / end of year | $56.6M / $63.1M |
| Active participants, start / end of year | 905 / 1,023 |
| Participants with account balances | 983 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $81,495 reported compensation |
| Global Retirement Partners LLC | $69,095 reported compensation |
| Schneider Downs & Co., Inc. | $9,076 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010110504NAL0008003217001, received 2025-10-10, EIN 34-0538620, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.