M. H. Eby, Inc. 401(k) Review & Grade
M. H. Eby, Inc 401(k) Profit Sharing Plan
Blue Ball, PAManufacturing504 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,992Employer $ per active participant
$4,309Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$29.8MNet plan assets, end of year
$39,707Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
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 | 43th |
| Lower admin cost | 13th |
| Employee saving | 42th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Auditor concern: the independent auditor gave a qualified or adverse opinion.
What to do if you're in this plan
- M. H. Eby put in about $1,992 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 (0.71% 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 | $1,005,000 |
| Participant (employee) contributions | $2,174,074 |
| Other contributions (incl. rollovers in) | $142,758 |
| Administrative expenses paid from the plan | $192,495 |
| Contract administrator fees | $90,105 |
| Investment advisory & management fees | $88,372 |
| Benefits paid out | $1,395,948 |
| Net assets, start / end of year | $24.7M / $29.8M |
| Active participants, start / end of year | 501 / 508 |
| Participants with account balances | 751 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RKL LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $90,105 reported compensation |
| One Digital Investment Advisors | $74,106 reported compensation |
| Nextcapital Group, Inc. | $14,266 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009084853NAL0003754099001, received 2025-10-09, EIN 23-1925398, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.