Master-Halco, Inc. 401(k) Review & Grade
Master-Halco, Inc. Retirement Savings Value Plan
Dallas, OHWholesale Trade1,207 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,780Employer $ per active participant
$5,018Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$74.1MNet plan assets, end of year
$52,946Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 33th |
| Employee saving | 56th |
| 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 ($69,864 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Master-Halco put in about $1,780 per active participant, below the typical peer ($1,792). 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 (0.37% 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.
- 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 | $2,148,432 |
| Participant (employee) contributions | $6,056,614 |
| Other contributions (incl. rollovers in) | $417,604 |
| Administrative expenses paid from the plan | $255,139 |
| Investment advisory & management fees | $119,952 |
| Benefits paid out | $5,961,778 |
| Net assets, start / end of year | $63.2M / $74.1M |
| Active participants, start / end of year | 1,174 / 1,240 |
| Participants with account balances | 1,400 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $135,187 reported compensation |
| Provenance Wealth Advisors LLC | $119,952 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154517NAL0002688883001, received 2025-10-15, EIN 95-2871932, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.