Management Registry, Inc 401(k) Review & Grade
Management Registry 401(k) Plan
Louisville, KYAdministrative, Support & Staffing Services3,876 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$113Employer $ per active participant
$222Employee $ saved per active participant
1.87%Direct admin cost, % of plan assets
$6.1MNet plan assets, end of year
$2,234Average balance per account
Score breakdown
- Employer generosity17.7 / 5035th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 1th |
| Employee saving | 19th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($74,495 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Management Registry put in about $113 per active participant, below the typical peer ($342). 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 (1.87% of assets) are well above similar-size plans (0.12%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $437,930 |
| Participant (employee) contributions | $861,562 |
| Other contributions (incl. rollovers in) | $101,043 |
| Administrative expenses paid from the plan | $103,404 |
| Contract administrator fees | $92,425 |
| Benefits paid out | $858,386 |
| Net assets, start / end of year | $5.0M / $6.1M |
| Active participants, start / end of year | 5,486 / 2,265 |
| Participants with account balances | 2,740 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jones, Nale & Mattingly, PLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $87,404 reported compensation |
| Northwestern Mutual Wealth Mgmt | $17,624 reported compensation |
| Management Registry Inc | $11,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251017122932NAL0003733139001, received 2025-10-17, EIN 61-0863236, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.