Hypertherm, Inc. 401(k) Review & Grade
Hypertherm, Inc. Retirement Savings Plan
Hanover, NHManufacturing1,568 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,311Employer $ per active participant
$8,876Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$297.5MNet plan assets, end of year
$153,745Average balance per account
Score breakdown
- Employer generosity12.8 / 5026th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 74th |
| Employee saving | 85th |
| 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
- Hypertherm put in about $1,311 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,054,616 |
| Participant (employee) contributions | $13,912,542 |
| Other contributions (incl. rollovers in) | $3,027,141 |
| Administrative expenses paid from the plan | $281,466 |
| Contract administrator fees | $212,722 |
| Investment advisory & management fees | $68,744 |
| Benefits paid out | $20,008,858 |
| Net assets, start / end of year | $262.9M / $297.5M |
| Active participants, start / end of year | 1,602 / 1,533 |
| Participants with account balances | 1,935 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $212,722 reported compensation |
| Commonwealth Financial Network | $68,744 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013155121NAL0000798147001, received 2025-10-13, EIN 02-0274267, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.