Retirement plan
HP INC. 401(K) PLAN
HP INC.EIN 94-1081436Plan #004PY 2023
3800 QUICK HILL RD, BUILDING #2, SUITE 100 - AUSTIN, TX 78728800-890-3100
Other plans on this EIN
2 filingsProspect flagsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
VIRGINIA POCHE
Signed 07/25/2024
Summary metrics
Total assets (EOY)
$9672.2M
+1.6% from 2016
Total participants
37,593
+12.3% from 2016
Average account balance
$271,759
-9.9% from 2016
Annual return
17.52%
-57.27 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort93 peers
Snapshot2023
85
Participant deferral / active EE
$12,777
median $8,533
41
Employer contribution / active EE
$4,436
median $5,334
13
Participation rate
86.4%
median 96.6%
88
Avg account balance
$271,759
median $147,686
38
Admin fee / account holder
$70
median $62
40
Annual return
17.52%
median 18.49%
Overall peer rank
51of 100
51st 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 of 11 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FID INV INSTL OPS CO9+ years Service code 37 · EIN 04-2647786 | Loan Processing | $764,713 |
STRATEGIC ADVISORS3 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $530,495 |
BLACKROCK INSTITUTIONAL TRUST9+ years Service code 28 · EIN 94-3112180 | Investment Management | $283,043 |
HP INC5 years Service code 14 · EIN 94-1081436 | Plan Administrator | $254,393 |
AON HEWITT6 years Service code 16 · EIN 36-3109431 | Consulting | $200,000 |
ERNST & YOUNG3 years Service code 10 · EIN 34-6565596 | Accounting | $136,000 |
THE BANK OF NEW YORK MELLON9+ years Service code 21 · EIN 13-5160382 | Bank Trustee | $127,500 |
STATE STREET1 year Service code 28 · EIN 36-3109431 | Investment Management | $100,000 |
DELOITTE & TOUCHE LLC1 year Service code 10 · EIN 13-3891517 | Accounting | $39,710 |
ALTERITY GROUP LLC1 year Service code 16 · EIN 27-0787824 | Consulting | $29,250 |
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.
Plan features & details
Pension benefit codes2F2G2I2J2K2O2R2S3H
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2IStock bonusStock bonus plan.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$2.5M
$168 / participant
- Recordkeeping$765K30.9%
- Trustee / custodial$128K5.1%
- Investment mgmt$914K36.9%
- Contract admin$267K10.8%
- Other / not subdivided$405K16.3%
% of EOY assets
0.026%
all-in expense ratio
Categories reported
4 / 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
- $136,000
- Opinion code
- Unqualified