M-L Holdings Company 401(k) Review & Grade
M-L Holdings Company Retirement Savings Plan
Denver, COWholesale Trade876 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,867Employer $ per active participant
$3,806Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$47.2MNet plan assets, end of year
$53,590Average balance per account
Score breakdown
- Employer generosity26.6 / 5053th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 37th |
| Employee saving | 36th |
| Peers that auto-enroll | 53% |
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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-L Holdings put in about $1,867 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $1,634,665 |
| Participant (employee) contributions | $3,332,328 |
| Other contributions (incl. rollovers in) | $706,429 |
| Administrative expenses paid from the plan | $145,246 |
| Investment advisory & management fees | $93,166 |
| Benefits paid out | $5,035,273 |
| Net assets, start / end of year | $40.8M / $47.2M |
| Active participants, start / end of year | 1,189 / 562 |
| Participants with account balances | 881 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $93,166 reported compensation |
| Empower Annuity Insurance Company O | $52,080 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002124158NAL0000308227001, received 2025-10-02, EIN 52-2047928, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.