HMC Management Services 401(k) match, vesting and fees
What HMC Management Services' 401(k) plan says about matching contributions
The Company makes a discretionary matching contribution equal to 50% of employee deferrals up to 3% of eligible compensation.
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 | Participants are immediately vested in their voluntary contributions, plus actual earnings thereon. Vesting in the Company matching and nonelective profit sharing contribution portions of their accounts plus actual earnings thereon is based on years of continuous service. A participant is 100% vested after three years of credited service. | Audit report, p. 33 ↗ |
| Roth contributions | Participants may also contribute their after-tax annual compensation for Roth elective deferral purposes, subject to certain limitations, with the contributions and earnings thereon being nontaxable when withdrawn from the Plan. | Audit report, p. 32 ↗ |
| Independent auditor | Bmss, LLC (unmodified opinion, limited scope) | 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 229 defined-contribution plans in administrative, support and waste management services with 500 to 999 participants.
| HMC Management Services: employer contribution per participant | $1,224 | |
| Peer median | $1,441 |
| HMC Management Services: average balance | $8,778 | |
| Peer median | $38,287 |
| HMC Management Services: admin expenses ÷ assets | 1.96% | |
| Peer median | 0.47% |
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 $2.7M at the end of plan year 2023 to $6.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,575 | $6.4M | $888K | $1,224 | 1.96% | Quoted in the audit report, p. 32 ↗ | Form 5500 ↗ |
| 2023 | 1,167 | $2.7M | $519K | $1,328 | 1.88% | Not published | Form 5500 ↗ |
Common questions
Does HMC Management Services match 401(k) contributions?
The audit report attached to the Hmc Management Services, Inc. Retirement Plan's plan year 2024 Form 5500, page 32 says: “The Company makes a discretionary matching contribution equal to 50% of employee deferrals up to 3% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the HMC Management Services 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 33 says: “Participants are immediately vested in their voluntary contributions, plus actual earnings thereon. Vesting in the Company matching and nonelective profit sharing contribution portions of their accounts plus actual earnings thereon is based on years of continuous service. A participant is 100% vested after three years of credited service.”
Who manages the HMC Management Services 401(k)?
The filing names Hmc Management Services, Inc. as plan administrator; it does not list a recordkeeper.
I left HMC Management Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Hmc Management Services, Inc., (601) 984-1018). The HMC Management Services old 401(k) page lists the contacts from every plan filing. Find an old HMC Management Services 401(k)
Data from the public Form 5500 annual reports HMC Management Services 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 HMC Management Services. Not financial advice. Report a correction · Methodology