Marc Glassman, Inc. 401(k) Review & Grade
Marc Glassman, Inc. 401(k) Plan
Cleveland, OHRetail Trade880 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$286Employer $ per active participant
$1,747Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$31.6MNet plan assets, end of year
$61,918Average balance per account
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 46th |
| Employee saving | 29th |
| Peers that auto-enroll | 48% |
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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 ($343 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
- Marc Glassman put in about $286 per active participant, below the typical peer ($743). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $252,057 |
| Participant (employee) contributions | $1,537,745 |
| Other contributions (incl. rollovers in) | $44,900 |
| Administrative expenses paid from the plan | $79,420 |
| Contract administrator fees | $41,669 |
| Benefits paid out | $4,455,923 |
| Net assets, start / end of year | $30.4M / $31.6M |
| Active participants, start / end of year | 895 / 865 |
| Participants with account balances | 511 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $41,819 reported compensation |
| Highland Consulting Associates, Inc | $37,751 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723103951NAL0003957281001, received 2025-07-23, EIN 34-1259106, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.