Makeready LLC 401(k) Review & Grade
Makeready 401(k) Plan
Dallas, TXAccommodation & Food Services1,012 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,141Employer $ per active participant
$1,933Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$15.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity44.2 / 5088th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 13th |
| Employee saving | 84th |
| Peers that auto-enroll | 17% |
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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
- Makeready put in about $1,141 per active participant, more than the typical peer ($266). 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 (0.70% 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 | $1,154,778 |
| Participant (employee) contributions | $1,957,382 |
| Other contributions (incl. rollovers in) | $289,505 |
| Administrative expenses paid from the plan | $96,323 |
| Contract administrator fees | $49,208 |
| Investment advisory & management fees | $35,142 |
| Benefits paid out | $1,607,467 |
| Net assets, start / end of year | $12.2M / $15.5M |
| Active participants, start / end of year | 1,008 / 1,017 |
| Participants with account balances | 439 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GBQ Partners, LLC |
Largest service providers (Schedule C)
| The Siekmann Company | $35,002 reported compensation |
| John Hancock Life Insurance Company | $5,782 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260422112359NAL0001924851001, received 2026-04-22, EIN 36-4825662, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.