M&q Packaging LLC 401(k) Review & Grade
M&q Packaging LLC 401k
Limerick, PAManufacturing532 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,685Employer $ per active participant
$3,958Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$41.2MNet plan assets, end of year
$95,117Average balance per account
Score breakdown
- Employer generosity17.6 / 5035th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 41th |
| Employee saving | 36th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- M&q Packaging put in about $1,685 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.
- 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 | $897,406 |
| Participant (employee) contributions | $2,107,396 |
| Other contributions (incl. rollovers in) | $133,599 |
| Administrative expenses paid from the plan | $116,624 |
| Investment advisory & management fees | $62,291 |
| Benefits paid out | $3,815,120 |
| Net assets, start / end of year | $36.9M / $41.2M |
| Active participants, start / end of year | 520 / 545 |
| Participants with account balances | 433 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Wilmington Trust National Assoc | $62,291 reported compensation |
| Fidelity Investments Institutional | $54,333 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003125428NAL0003392450001, received 2025-10-03, EIN 23-2108333, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.