Milk + Honey Holdings, LLC 401(k) Review & Grade
Milk + Honey Holdings, LLC 401(k) P/S Plan
Austin, TXOther Services528 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$336Employer $ per active participant
$1,818Employee $ saved per active participant
0.68%Direct admin cost, % of plan assets
$5.8MNet plan assets, end of year
$5,535Average balance per account
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 14th |
| Employee saving | 38th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Milk + Honey Holdings put in about $336 per active participant, below the typical peer ($1,257). 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 (0.68% 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.
- 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 | $177,382 |
| Participant (employee) contributions | $961,048 |
| Other contributions (incl. rollovers in) | $1,048 |
| Administrative expenses paid from the plan | $35,201 |
| Contract administrator fees | $14,356 |
| Investment advisory & management fees | $20,845 |
| Benefits paid out | $450,510 |
| Net assets, start / end of year | $4.6M / $5.8M |
| Active participants, start / end of year | 521 / 536 |
| Participants with account balances | 1,047 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ander's Cpa's and Advisors |
Largest service providers (Schedule C)
| Ascensus LLC | $49,535 reported compensation |
| Sharebuilder Advisor LLC | $20,845 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102322NAL0002512897001, received 2025-10-14, EIN 83-0549679, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.