Hp Workforce Solutions, LLC401(k)
HP WORKFORCE SOLUTIONS, LLC 401(K) PLAN · HOOVER, AL · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Hp Workforce Solutions, LLC reported $14,499 in plan administrative expenses for 2022: 2.73% of average plan assets, higher than ~75% of peers. Employer contributions averaged $69 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Alabama (891st of 902), and 2,403rd of 2,534 in administrative & support services. In 2022, employees put in $3.84 for every $1.00 the employer contributed.
Hp Workforce Solutions, LLC's 2022 employer contribution ran below the $331 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 821218028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.