Hit 401(k) match, vesting and fees
What Hit'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 | Mutual of America Investment Corp | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,671 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Hit: employer contribution per participant | $2,418 | |
| Peer median | $1,470 |
| Hit: average balance | $77,125 | |
| Peer median | $37,795 |
| Hit: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.39% |
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 $24.4M at the end of plan year 2023 to $27.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 727 | $27.4M | $858K | $2,418 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 663 | $24.4M | $794K | $2,089 | 0.01% | Not published | Form 5500 ↗ |
Common questions
Does Hit match 401(k) contributions?
The match terms for the Hit, Inc. Safe Harbor 401(k) Profit-Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $858K in employer contributions, about $2,418 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Hit 401(k) match vested?
The vesting schedule for the Hit, Inc. Safe Harbor 401(k) Profit-Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Hit 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Mutual of America Investment Corp. The plan administrator is Hit, Inc..
I left Hit. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Hit, Inc., (701) 663-0379) or the recordkeeper, Mutual of America Investment Corp. The Hit old 401(k) page lists the contacts from every plan filing. Find an old Hit 401(k)
Data from the public Form 5500 annual reports Hit 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 Hit. Not financial advice. Report a correction · Methodology