M. Management, Inc. 401(k) Review & Grade
M. Management, Inc. 401(k) Plan
Jersey City, NJReal Estate & Rental904 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,366Employer $ per active participant
$3,316Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$51.6MNet plan assets, end of year
$98,708Average balance per account
Score breakdown
- Employer generosity37.2 / 5074th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 48th |
| Employee saving | 46th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,947 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- M. Management put in about $2,366 per active participant, more than the typical peer ($1,279). 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.
- 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 | $2,138,588 |
| Participant (employee) contributions | $2,997,915 |
| Other contributions (incl. rollovers in) | $73,387 |
| Administrative expenses paid from the plan | $120,296 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $59,542 |
| Benefits paid out | $7,791,405 |
| Net assets, start / end of year | $47.9M / $51.6M |
| Active participants, start / end of year | 789 / 1,019 |
| Participants with account balances | 523 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Downey & Company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $60,754 reported compensation |
| Cetera Investment Advisors LLC | $59,542 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916100610NAL0001118051001, received 2025-09-16, EIN 22-3641563, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.