DMX, LLC D/B/A Mood Media 401(k) Review & Grade
Mood401(k) Savings and Retirement Plan
Austin, TXInformation576 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$990Employer $ per active participant
$6,915Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$83.3MNet plan assets, end of year
$87,461Average balance per account
Score breakdown
- Employer generosity8.9 / 5018th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 51th |
| Employee saving | 38th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($172,975 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $273 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- DMX, LLC D/B/A Mood Media put in about $990 per active participant, below the typical peer ($2,829). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $569,692 |
| Participant (employee) contributions | $3,979,869 |
| Other contributions (incl. rollovers in) | $310,203 |
| Administrative expenses paid from the plan | $181,193 |
| Investment advisory & management fees | $70,899 |
| Benefits paid out | $9,428,420 |
| Net assets, start / end of year | $78.0M / $83.3M |
| Active participants, start / end of year | 588 / 563 |
| Participants with account balances | 952 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Peggy S Edge CPA LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $82,294 reported compensation |
| Creative Planning LLC | $55,000 reported compensation |
| Peggy S. Edge, CPA, LLC | $28,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702175940NAL0007758883001, received 2025-07-02, EIN 20-2796414, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.