Hubbell Incorporated 401(k) Review & Grade
Hubbell Incorporated Employee Savings and Investment Plan for Collectively Bargained Employees
Shelton, CTManufacturing1,982 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,770Employer $ per active participant
$1,195Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$58.0MNet plan assets, end of year
$23,793Average balance per account
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 64th |
| Employee saving | 4th |
| Peers that auto-enroll | 59% |
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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
- Hubbell Incorporated put in about $1,770 per active participant, below the typical peer ($2,320). 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.
- 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 | $3,506,351 |
| Participant (employee) contributions | $2,367,805 |
| Other contributions (incl. rollovers in) | $222,148 |
| Administrative expenses paid from the plan | $82,665 |
| Other admin expenses | $76,809 |
| Benefits paid out | $11,087,912 |
| Net assets, start / end of year | $55.8M / $58.0M |
| Active participants, start / end of year | 2,021 / 1,942 |
| Participants with account balances | 2,436 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| PKF Oconnor Davies | $23,833 reported compensation |
| T Rowe Prive RPS Inc | $20,608 reported compensation |
| Financial Answers | $11,470 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014081301NAL0005017026001, received 2025-10-14, EIN 06-0397030, plan #061, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.