Maass Corporation SPC 401(k) Review & Grade
Oliver's Market 401(k) Profit Sharing Plan
Santa Rosa, CARetail Trade690 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,268Employer $ per active participant
$2,644Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$31.2MNet plan assets, end of year
$42,043Average balance per account
Score breakdown
- Employer generosity35.3 / 5071th percentile for employer $ per participant
- Low cost7.4 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 29th |
| Employee saving | 44th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $26,131 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Maass Corporation SPC put in about $1,268 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.41% 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.
- 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 | $874,439 |
| Participant (employee) contributions | $1,823,081 |
| Other contributions (incl. rollovers in) | $5,521 |
| Administrative expenses paid from the plan | $122,424 |
| Contract administrator fees | $122,424 |
| Benefits paid out | $2,857,985 |
| Net assets, start / end of year | $28.1M / $31.2M |
| Active participants, start / end of year | 717 / 662 |
| Participants with account balances | 743 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Comyns Smith Mccleary & Deaver LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $122,423 reported compensation |
| Sageview Advisory Group, LLC | $34,588 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919152003NAL0002863648001, received 2025-09-19, EIN 68-0168977, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.