Mac Haik Management LLC 401(k) Review & Grade
Mac Haik Employees' Retirement Plan
Houston, TXRetail Trade1,892 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,407Employer $ per active participant
$4,105Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$61.2MNet plan assets, end of year
$23,732Average balance per account
Score breakdown
- Employer generosity44.8 / 5090th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 12th |
| Employee saving | 67th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,129 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mac Haik Management put in about $2,407 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 (0.73% 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 | $4,555,922 |
| Participant (employee) contributions | $7,767,791 |
| Other contributions (incl. rollovers in) | $185,966 |
| Administrative expenses paid from the plan | $398,654 |
| Contract administrator fees | $321,639 |
| Investment advisory & management fees | $67,315 |
| Other admin expenses | $9,700 |
| Benefits paid out | $5,795,893 |
| Net assets, start / end of year | $48.1M / $61.2M |
| Active participants, start / end of year | 1,915 / 1,870 |
| Participants with account balances | 2,578 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Svadkenak, See and Company PC |
Largest service providers (Schedule C)
| Raymond James Financial Services | $136,663 reported compensation |
| Voya Retirement Advisors, LLC | $49,353 reported compensation |
| Nova 401(k) Associates | $25,472 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007113404NAL0002426147001, received 2025-10-07, EIN 76-0350038, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.