Marcus & Millichap, Inc. 401(k) Review & Grade
Marcus & Millichap, Inc. 401(k) Plan
Calabasas, CAReal Estate & Rental834 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,475Employer $ per active participant
$6,847Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$67.1MNet plan assets, end of year
$84,988Average balance per account
Score breakdown
- Employer generosity38.4 / 5077th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 54th |
| Employee saving | 83th |
| Peers that auto-enroll | 47% |
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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
- Marcus & Millichap put in about $2,475 per active participant, more than the typical peer ($1,279). 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.
- 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.
- 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 | $2,063,932 |
| Participant (employee) contributions | $5,710,428 |
| Other contributions (incl. rollovers in) | $943,971 |
| Administrative expenses paid from the plan | $122,671 |
| Investment advisory & management fees | $29,379 |
| Benefits paid out | $3,937,479 |
| Net assets, start / end of year | $54.0M / $67.1M |
| Active participants, start / end of year | 832 / 836 |
| Participants with account balances | 790 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,341 reported compensation |
| Mercer Investments LLC | $27,500 reported compensation |
| Cohnreznick | $22,951 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926110848NAL0011718595001, received 2025-09-26, EIN 35-2478370, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.