Management & Training Corporation 401(k) Review & Grade
Management & Training Corporation Retirement Plan
Centerville, UTEducational Services5,476 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,301Employer $ per active participant
$2,890Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$198.1MNet plan assets, end of year
$25,070Average balance per account
Score breakdown
- Employer generosity31.8 / 5064th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 22th |
| Employee saving | 36th |
| Peers that auto-enroll | 65% |
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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
- Management & Training put in about $1,301 per active participant, more than the typical peer ($1,155). 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 (0.31% 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 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 | $7,124,975 |
| Participant (employee) contributions | $15,826,336 |
| Other contributions (incl. rollovers in) | $1,550,016 |
| Administrative expenses paid from the plan | $580,817 |
| Other admin expenses | $213,560 |
| Benefits paid out | $27,114,222 |
| Net assets, start / end of year | $177.9M / $198.1M |
| Active participants, start / end of year | 3,917 / 7,036 |
| Participants with account balances | 7,902 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Traveller and Company LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $356,330 reported compensation |
| Towers Watson Investment Services | $213,561 reported compensation |
| Traveller & Company LLC | $7,995 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731155245NAL0007370304001, received 2025-07-31, EIN 87-0365322, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.