Mazzio's, LLC 401(k) Review & Grade
Mazzio's Corporation 401(k) Profit Sharing Plan
Tulsa, OKAccommodation & Food Services605 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$457Employer $ per active participant
$848Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$21.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity34.4 / 5069th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 97th |
| Employee saving | 52th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Mazzio's put in about $457 per active participant, more than the typical peer ($266). 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.
- 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 | $276,227 |
| Participant (employee) contributions | $513,242 |
| Other contributions (incl. rollovers in) | $131,029 |
| Administrative expenses paid from the plan | $2,657 |
| Investment advisory & management fees | $50 |
| Benefits paid out | $3,900,956 |
| Net assets, start / end of year | $19.5M / $21.1M |
| Active participants, start / end of year | 626 / 584 |
| Participants with account balances | 160 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GBQ Partners LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $2,606 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144549NAL0003058209001, received 2025-10-14, EIN 73-0777012, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.