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Retirement plan

HP INC. 401(K) PLAN

HP INC.EIN 94-1081436Plan #004PY 2020
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3800 QUICK HILL RD, BUILDING #2, SUITE 100 - AUSTIN, TX 78728800-890-3100
Other plans on this EIN
2 filings
#003Retirement-$10.94B assets#001Retirement-$464.0M assets
Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 890-3100
Plan administrator signer
VIRGINIA POCHE
Signed 09/03/2021
How to read this page

Summary metrics

Total assets (EOY)
$9769.2M
+1.6% from 2016
Total participants
39,682
+12.3% from 2016
Average account balance
$258,877
-9.9% from 2016
Annual return
14.41%
-57.27 pp from 2016

Benchmarks

See 86 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort86 peers
Snapshot2020
Participant deferral / active EE
$10,512
median $7,742
Employer contribution / active EE
$3,444
median $3,821
Participation rate
85.7%
median 96.2%
Avg account balance
$258,877
median $160,963
Admin fee / account holder
$66
median $59
Annual return
14.41%
median 14.41%
Overall peer rank
53rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$10.29B
Average account balance
Total assets / participants with a balance (line 6g)
$300K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
34,268
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
86.5%
Contributions (total)
Employer and participant dollars contributed each year
$252.46M
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.59%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$80
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 by compensation
ProviderService typeCompensation
FID INV INSTL OPS CO6+ years
Service code 37 · EIN 04-2647786
Loan Processing
$1,335,240
HP INC2 years
Service code 14 · EIN 94-1081436
Plan Administrator
$349,463
BLACKROCK INSTITUTIONAL TRUST6+ years
Service code 28 · EIN 94-3112180
Investment Management
$259,144
THE BANK OF NEW YORK MELLON6+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$123,740
ERNST & YOUNG U.S. LLP6+ years
Service code 10 · EIN 34-6565596
Accounting
$120,200
AON HEWITT3 years
Service code 16 · EIN 36-3109431
Consulting
$100,000
STATE STREET BANK & TRUST4 years
Service code 28 · EIN 04-1867445
Investment Management
$100,000
DELOITTE & TOUCHE LLP4 years
Service code 16 · EIN 13-3891517
Consulting
$53,350
AETNA3 years
Service code 16 · EIN 94-2192581
Consulting
$30,549
FID INV INST OPS CO6+ years
Service code 60
Sub-TA Fees
$0

Top hat statement on fileNQDC

Filed November 9, 2005 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2F2G2I2J2K2O2R2S3H
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2I
    Stock bonus
    Stock bonus plan.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$2.5M
$183 / participant
  • Investment mgmt$359K14.5%
  • Other / not subdivided$2M85.5%
% of EOY assets
0.025%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified