New Hire retirement plan: assets, participants and fees
What New Hire's retirement plan 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 | Prida, Guida & Perez, P.A. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| New Hire: employer contribution per participant | $998 | |
| Peer median | $2,521 |
| New Hire: average balance | $41,444 | |
| Peer median | $75,833 |
| New Hire: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.27% |
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 $6.3M at the end of plan year 2021 to $8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 254 | $8M | $192K | $998 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 204 | $6.7M | $210K | $1,121 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 238 | $5.7M | $181K | $920 | 0.03% | Not published | Form 5500 ↗ |
| 2021 | 229 | $6.3M | $176K | $914 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does New Hire match 401(k) contributions?
The match terms for the Employee Benefit Plan of HR New Hire, LLC have not been published from its filing yet. The plan year 2024 filing reports $192K in employer contributions, about $998 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the New Hire 401(k) match vested?
The vesting schedule for the Employee Benefit Plan of HR New Hire, LLC is not in the data published so far. Your Summary Plan Description states it.
Who manages the New Hire 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Mutual of America Investment Corp. The plan administrator is New Hire, LLC.
I left New Hire. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (New Hire, LLC, (901) 746-5252) or the recordkeeper, Mutual of America Investment Corp. The New Hire old 401(k) page lists the contacts from every plan filing. Find an old New Hire 401(k)
Data from the public Form 5500 annual reports New Hire filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 New Hire. Not financial advice. Report a correction · Methodology