Marex Services, Inc. 401(k) Review & Grade
Marex 401(k) Plan
New York, NYFinance & Insurance678 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,089Employer $ per active participant
$15,627Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$91.1MNet plan assets, end of year
$123,257Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost23.9 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 96th |
| Employee saving | 91th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $24,257 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marex Services put in about $3,089 per active participant, below the typical peer ($3,606). 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 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 | $2,094,213 |
| Participant (employee) contributions | $10,594,817 |
| Other contributions (incl. rollovers in) | $8,748,163 |
| Administrative expenses paid from the plan | $14,482 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $6,952,702 |
| Net assets, start / end of year | $65.2M / $91.1M |
| Active participants, start / end of year | 653 / 703 |
| Participants with account balances | 739 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $22,500 reported compensation |
| Cambridge Investment Research | $7,500 reported compensation |
| Fidelity Investments Institutional | −$15,518 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090709NAL0004407473001, received 2025-10-15, EIN 51-0566551, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.