HP Communications, Inc. 401(k) Review & Grade
HP Communications, Inc. 401(k) Plan
Corona, CAConstruction688 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,044Employer $ per active participant
$4,837Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$40.4MNet plan assets, end of year
$52,101Average balance per account
Score breakdown
- Employer generosity37.9 / 5076th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 13th |
| Employee saving | 61th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- HP Communications put in about $3,044 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.70% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $2,092,447 |
| Participant (employee) contributions | $3,325,762 |
| Other contributions (incl. rollovers in) | $149,093 |
| Administrative expenses paid from the plan | $251,546 |
| Contract administrator fees | $251,546 |
| Benefits paid out | $1,522,146 |
| Net assets, start / end of year | $31.8M / $40.4M |
| Active participants, start / end of year | 746 / 629 |
| Participants with account balances | 776 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gyl LLP |
Largest service providers (Schedule C)
| Valic Retirement Services Company | $251,546 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918145945NAL0001540817001, received 2025-09-18, EIN 33-0810391, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.