Malibu Boats, LLC 401(k) Review & Grade
Malibu Boats, Inc. 401(k) Plan
Loudon, TNManufacturing2,370 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,251Employer $ per active participant
$4,250Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$74.2MNet plan assets, end of year
$32,299Average balance per account
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost5.9 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 23th |
| Employee saving | 40th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Malibu Boats put in about $1,251 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.
- Direct plan expenses (0.50% 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 | $2,964,926 |
| Participant (employee) contributions | $10,075,235 |
| Other contributions (incl. rollovers in) | $616,643 |
| Administrative expenses paid from the plan | $350,519 |
| Investment advisory & management fees | $73,750 |
| Benefits paid out | $14,704,785 |
| Net assets, start / end of year | $67.3M / $74.2M |
| Active participants, start / end of year | 2,533 / 2,208 |
| Participants with account balances | 2,297 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $276,769 reported compensation |
| Sageview Advisory Group LLC | $73,750 reported compensation |
| Wealth Management Systems Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908101053NAL0019209569001, received 2025-09-08, EIN 20-5114805, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.