Hallmark Cards 401(k) match, vesting and fees
What Hallmark Cards' 401(k) plan says about matching contributions
The Company contributes safe harbor matching contributions equal to 100% of pre-tax and Roth employee contributions up to 3% of eligible earnings and 50% of pre-tax and Roth employee contributions in excess of 3%, but not in excess of 5% of eligible earnings.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 32 ↗ |
| Match vesting | Employer matching contributions are immediately vested 100%. | Audit report, p. 34 ↗ |
| Automatic enrollment | Participants who do not affirmatively elect otherwise are automatically enrolled in the savings portion of the Plan approximately 31 days following the one-month eligibility period and these participants begin making pre-tax savings contributions to the Plan at 5% of eligible earnings. Subsequently, the automatic deferral amount will increase in 1% increments annually on May 1 after the participant is automatically enrolled up to a maximum of 10%, unless otherwise elected. | Audit report, p. 31 ↗ |
| Roth contributions | Effective January 1, 2021, employees who have completed at least 500 hours of service in each of three consecutive 12-month periods are eligible to make pre-tax and Roth contributions to the Plan as Long-Term Part-Time (LTPT) employees. | Audit report, p. 32 ↗ |
| Recordkeeper | State Street Bank & Trust | Schedule C ↗ |
| Independent auditor | Rubin Brown LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 56 defined-contribution plans in wholesale trade with 5,000 to 9,999 participants.
| Hallmark Cards: employer contribution per participant | $2,805 | |
| Peer median | $2,404 |
| Hallmark Cards: average balance | $252,720 | |
| Peer median | $85,831 |
| Hallmark Cards: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.1B at the end of plan year 2023 to $2B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 8,190 | $2B | $22.3M | $2,805 | 0.05% | Quoted in the audit report, p. 32 ↗ | Form 5500 ↗ |
| 2023 | 8,492 | $2.1B | $21.5M | $2,646 | 0.05% | Not published | Form 5500 ↗ |
Other Hallmark Cards plans (4)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Retail Service Group Savings Plan of Hallmark Cards, Incorporated
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Ins Co of America | Schedule C ↗ |
| Independent auditor | Rubinbrown, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Hallmark Affiliates Employee Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Ins Co of America | Schedule C ↗ |
| Independent auditor | Rubinbrown, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Cash Balance Retirement Plan of Hallmark Cards, Inc.
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Rubinbrown LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Hallmark Retiree Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Rubinbrown LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Hallmark Cards match 401(k) contributions?
The audit report attached to the Business Performance Savings Plan of Hallmark Cards, Incorporated's plan year 2024 Form 5500, page 32 says: “The Company contributes safe harbor matching contributions equal to 100% of pre-tax and Roth employee contributions up to 3% of eligible earnings and 50% of pre-tax and Roth employee contributions in excess of 3%, but not in excess of 5% of eligible earnings.” Plan terms may have changed; check your current Summary Plan Description.
When is the Hallmark Cards 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 34 says: “Employer matching contributions are immediately vested 100%.”
Who manages the Hallmark Cards 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is State Street Bank & Trust. The plan administrator is Hallmark Benefit Plan Advisory Committee.
I left Hallmark Cards. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Hallmark Benefit Plan Advisory Committee, (888) 545-6200) or the recordkeeper, State Street Bank & Trust. The Hallmark Cards old 401(k) page lists the contacts from every plan filing. Find an old Hallmark Cards 401(k)
Data from the public Form 5500 annual reports Hallmark Cards filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Hallmark Cards. Not financial advice. Report a correction · Methodology