Millstone Medical Outsourcing, LLC 401(k) Review & Grade
Millstone Medical Outsourcing, LLC 401(k) Retirement Plan
Fall River, MAAdministrative, Support & Staffing Services566 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,209Employer $ per active participant
$2,408Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$16.0MNet plan assets, end of year
$45,137Average balance per account
Score breakdown
- Employer generosity33.3 / 5066th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 16th |
| Employee saving | 57th |
| Peers that auto-enroll | 27% |
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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
- Millstone Medical Outsourcing put in about $1,209 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.64% 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 | $683,921 |
| Participant (employee) contributions | $1,361,716 |
| Other contributions (incl. rollovers in) | $53,099 |
| Administrative expenses paid from the plan | $93,551 |
| Investment advisory & management fees | $61,198 |
| Benefits paid out | $1,401,174 |
| Net assets, start / end of year | $13.4M / $16.0M |
| Active participants, start / end of year | 578 / 553 |
| Participants with account balances | 354 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tonneson & Co. |
Largest service providers (Schedule C)
| Gallagher Benefit Services Inc DBA | $36,064 reported compensation |
| Empower Annuity Insurance Company O | $32,353 reported compensation |
| Empower Advisory Group, LLC | $25,134 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009084325NAL0003426739001, received 2025-10-09, EIN 84-1654439, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.