Marvin Hewatt Enterprises Inc 401(k) Review & Grade
Marvin Hewatt Enterprises, Inc. 401(k) Plan
Lawrenceville, GARetail Trade756 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$462Employer $ per active participant
$995Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$7.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.3 / 5035th percentile for employer $ per participant
- Low cost23.9 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 96th |
| Employee saving | 16th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,683 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marvin Hewatt Enterprises put in about $462 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.
- 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 | $349,410 |
| Participant (employee) contributions | $752,098 |
| Other contributions (incl. rollovers in) | $67,349 |
| Administrative expenses paid from the plan | $1,313 |
| Benefits paid out | $396,207 |
| Net assets, start / end of year | $6.1M / $7.8M |
| Active participants, start / end of year | 682 / 829 |
| Participants with account balances | 123 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250718103129NAL0001590289001, received 2025-07-18, EIN 58-1262330, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.