Mathews Management Inc. 401(k) Review & Grade
Mathews Management 401(k) Retirement Plan
Springdale, ARAccommodation & Food Services734 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$260Employer $ per active participant
$533Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$3.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 74th |
| Employee saving | 33th |
| Peers that auto-enroll | 17% |
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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 ($113,955 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
- Mathews Management put in about $260 per active participant, below the typical peer ($266). 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.
- 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 | $191,162 |
| Participant (employee) contributions | $391,244 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $3,159 |
| Contract administrator fees | $3,159 |
| Benefits paid out | $224,948 |
| Net assets, start / end of year | $2.8M / $3.5M |
| Active participants, start / end of year | 784 / 685 |
| Participants with account balances | 241 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hogantaylor LLP |
Largest service providers (Schedule C)
| Nationwide | $16,767 reported compensation |
| Pension Solutions, Inc. | $6,607 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135937NAL0002958929003, received 2025-10-14, EIN 71-0779272, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.