Mastercorp, Inc. 401(k) Review & Grade
The Mastercorp, Inc. 401(k) Retirement Savings Plan
Orlando, FLOther Services3,320 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$350Employer $ per active participant
$594Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$18.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.0 / 5022th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 25th |
| Employee saving | 7th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($24,015 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
- Mastercorp put in about $350 per active participant, below the typical peer ($1,132). 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 (0.28% of assets) are well above similar-size plans (0.12%). 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 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 | $1,160,817 |
| Participant (employee) contributions | $1,970,641 |
| Other contributions (incl. rollovers in) | $233,196 |
| Administrative expenses paid from the plan | $48,386 |
| Other admin expenses | $48,386 |
| Benefits paid out | $2,780,116 |
| Net assets, start / end of year | $16.2M / $18.9M |
| Active participants, start / end of year | 3,073 / 3,566 |
| Participants with account balances | 636 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Coulter&justus,p.c |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $48,386 reported compensation |
| Pimco Funds | $0 reported compensation |
| Fidelity | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003151631NAL0002518880001, received 2025-10-03, EIN 62-1206906, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.