Martignetti Companies, LLC 401(k) Review & Grade
Martignetti Companies, LLC 401(k) Plan
Taunton, MAWholesale Trade898 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,256Employer $ per active participant
$8,071Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$240.5MNet plan assets, end of year
$207,363Average balance per account
Score breakdown
- Employer generosity38.9 / 5078th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 62th |
| Employee saving | 87th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($280,679 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $216 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Martignetti Companies put in about $3,256 per active participant, more than the typical peer ($1,792). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,923,470 |
| Participant (employee) contributions | $7,248,053 |
| Other contributions (incl. rollovers in) | $626,904 |
| Administrative expenses paid from the plan | $323,775 |
| Investment advisory & management fees | $167,706 |
| Benefits paid out | $15,669,894 |
| Net assets, start / end of year | $180.6M / $240.5M |
| Active participants, start / end of year | 633 / 1,163 |
| Participants with account balances | 1,160 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Morgan Stanley | $158,514 reported compensation |
| Empower Annuity Insurance Company O | $156,069 reported compensation |
| Empower Advisory Group, LLC | $9,192 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904122728NAL0033687746001, received 2025-09-04, EIN 46-4033150, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.