Milazzo Enterprises, LLC 401(k) Review & Grade
Milazzo Enterprises 401(k) Plan
Wales, WIAccommodation & Food Services878 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$105Employer $ per active participant
$355Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$4.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 16th |
| Employee saving | 23th |
| Peers that auto-enroll | 17% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Milazzo Enterprises put in about $105 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.
- Direct plan expenses (0.62% 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.
- 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 | $92,467 |
| Participant (employee) contributions | $311,904 |
| Other contributions (incl. rollovers in) | $1,252 |
| Administrative expenses paid from the plan | $25,800 |
| Benefits paid out | $85,825 |
| Net assets, start / end of year | $3.7M / $4.5M |
| Active participants, start / end of year | 1,599 / 156 |
| Participants with account balances | 46 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250602125526NAL0026695026001, received 2025-06-02, EIN 20-2937464, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.