Manna Development Group, LLC 401(k) Review & Grade
Manna Development Group, LLC 401(k) Plan
Encinitas, CAAccommodation & Food Services4,605 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$164Employer $ per active participant
$411Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$18.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost2.4 / 259th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 9th |
| Employee saving | 33th |
| Peers that auto-enroll | 15% |
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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
- Manna Development Group put in about $164 per active participant, below the typical peer ($244). 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 (0.62% 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.
- 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 | $755,750 |
| Participant (employee) contributions | $1,893,973 |
| Other contributions (incl. rollovers in) | $16,607 |
| Administrative expenses paid from the plan | $100,601 |
| Investment advisory & management fees | $29,492 |
| Benefits paid out | $1,480,699 |
| Net assets, start / end of year | $14.6M / $18.0M |
| Active participants, start / end of year | 2,295 / 6,915 |
| Participants with account balances | 685 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $71,109 reported compensation |
| Octavia Wealth Advisors | $27,647 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250501122258NAL0003125777001, received 2025-05-01, EIN 68-0559765, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.