Mark-Taylor Development, Inc. 401(k) Review & Grade
Mark-Taylor Development, Inc. 401(k) Plan
Scottsdale, AZConstruction714 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$890Employer $ per active participant
$2,625Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$19.9MNet plan assets, end of year
$40,604Average balance per account
Score breakdown
- Employer generosity14.2 / 5028th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 26th |
| Employee saving | 32th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $31,765 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mark-Taylor Development put in about $890 per active participant, below the typical peer ($1,672). 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 (0.45% of assets) are well above similar-size plans (0.23%). 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 | $635,598 |
| Participant (employee) contributions | $1,874,417 |
| Other contributions (incl. rollovers in) | $331,315 |
| Administrative expenses paid from the plan | $83,108 |
| Contract administrator fees | $38,089 |
| Investment advisory & management fees | $45,019 |
| Benefits paid out | $2,096,716 |
| Net assets, start / end of year | $17.0M / $19.9M |
| Active participants, start / end of year | 643 / 785 |
| Participants with account balances | 490 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Global Retirement Partners, LLC | $42,582 reported compensation |
| John Hancock Retirement Plan Svcs. | $40,526 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826081032NAL0004310275001, received 2025-08-26, EIN 86-0533236, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.