Husqvarna Consumer Outdoor Products N.A., Inc. 401(k) Review & Grade
Husqvarna Retirement Savings 401(k) Plan
Charlotte, NCManufacturing2,541 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,735Employer $ per active participant
$3,810Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$193.7MNet plan assets, end of year
$96,038Average balance per account
Score breakdown
- Employer generosity11.6 / 5023th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 77th |
| Employee saving | 22th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $8,710 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Husqvarna Consumer Outdoor Products N.A. put in about $1,735 per active participant, below the typical peer ($3,452). 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 | $4,408,352 |
| Participant (employee) contributions | $9,681,000 |
| Other contributions (incl. rollovers in) | $3,757,949 |
| Administrative expenses paid from the plan | $111,593 |
| Contract administrator fees | $148,814 |
| Investment advisory & management fees | $45,844 |
| Other admin expenses | $31,875 |
| Benefits paid out | $72,638,383 |
| Net assets, start / end of year | $220.9M / $193.7M |
| Active participants, start / end of year | 2,947 / 2,135 |
| Participants with account balances | 2,017 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $148,634 reported compensation |
| Strategic Advisor, Inc. | $34,613 reported compensation |
| Afs Advisors LLC | $31,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135015NAL0004728193001, received 2025-10-15, EIN 20-3600732, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.