M-D Building Products, Inc. 401(k) Review & Grade
M-D Building Products, Inc. 401(k) Plan
Oklahoma City, OKManufacturing896 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,171Employer $ per active participant
$2,782Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$39.3MNet plan assets, end of year
$36,634Average balance per account
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 27th |
| Employee saving | 20th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- M-D Building Products put in about $1,171 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,048,794 |
| Participant (employee) contributions | $2,492,664 |
| Other contributions (incl. rollovers in) | $172,017 |
| Administrative expenses paid from the plan | $171,724 |
| Benefits paid out | $6,882,615 |
| Net assets, start / end of year | $38.1M / $39.3M |
| Active participants, start / end of year | 937 / 855 |
| Participants with account balances | 1,072 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron and Bletzer PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $172,118 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825131144NAL0003925027001, received 2025-08-25, EIN 73-1578428, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.