Mclarens, LLC 401(k) Review & Grade
Mclarens, LLC Defined Contribution 401(k) Plan
Norcross, GAFinance & Insurance756 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,808Employer $ per active participant
$9,703Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$99.1MNet plan assets, end of year
$121,305Average balance per account
Score breakdown
- Employer generosity17.7 / 5035th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 67th |
| Employee saving | 74th |
| Peers that auto-enroll | 62% |
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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
- Mclarens put in about $2,808 per active participant, below the typical peer ($3,606). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,122,914 |
| Participant (employee) contributions | $7,335,333 |
| Other contributions (incl. rollovers in) | $2,430,128 |
| Administrative expenses paid from the plan | $121,466 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $8,554,927 |
| Net assets, start / end of year | $84.0M / $99.1M |
| Active participants, start / end of year | 768 / 744 |
| Participants with account balances | 817 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $68,564 reported compensation |
| Investment Research & Adv Group | $35,000 reported compensation |
| Windham Brannon, LLC | $15,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010144935NAL0018875426001, received 2025-10-10, EIN 51-0289022, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.