Hi-Lex 401(k) match, vesting and fees
What Hi-Lex's 401(k) plan says about matching contributions
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 Insurance Company O | Schedule C ↗ |
| Independent auditor | Maner Costerisan (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Hi-Lex: employer contribution per participant | $1,199 | |
| Peer median | $2,413 |
| Hi-Lex: average balance | $55,457 | |
| Peer median | $86,456 |
| Hi-Lex: admin expenses ÷ assets | 0.24% | |
| Peer median | 0.12% |
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 $66M at the end of plan year 2023 to $69.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,364 | $69.5M | $1.5M | $1,199 | 0.24% | Not published | Form 5500 ↗ |
| 2023 | 1,610 | $66M | $1.4M | $1,082 | 0.42% | Not published | Form 5500 ↗ |
Common questions
Does Hi-Lex match 401(k) contributions?
The match terms for the Hi-Lex Employees Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $1.5M in employer contributions, about $1,199 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Hi-Lex 401(k) match vested?
The vesting schedule for the Hi-Lex Employees Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Hi-Lex 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Hi-Lex.
I left Hi-Lex. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Hi-Lex, (248) 221-9473) or the recordkeeper, Empower Annuity Insurance Company O. The Hi-Lex old 401(k) page lists the contacts from every plan filing. Find an old Hi-Lex 401(k)
Data from the public Form 5500 annual reports Hi-Lex 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 Hi-Lex. Not financial advice. Report a correction · Methodology