Mirobito Holdings, Inc. 401(k) Review & Grade
Mirabito Holdings, Inc. 401(k) Plan
Binghamton, NYManagement of Companies1,337 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,229Employer $ per active participant
$3,105Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$50.4MNet plan assets, end of year
$32,676Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 48th |
| Employee saving | 25th |
| Peers that auto-enroll | 58% |
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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
- Mirobito Holdings put in about $1,229 per active participant, below the typical peer ($2,492). 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.
- 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 | $1,643,511 |
| Participant (employee) contributions | $4,151,628 |
| Other contributions (incl. rollovers in) | $960,689 |
| Administrative expenses paid from the plan | $113,077 |
| Contract administrator fees | $11,250 |
| Investment advisory & management fees | $68,412 |
| Benefits paid out | $3,743,007 |
| Net assets, start / end of year | $42.6M / $50.4M |
| Active participants, start / end of year | 1,348 / 1,326 |
| Participants with account balances | 1,542 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP |
Largest service providers (Schedule C)
| Swbc Investment Advisory Services, | $68,412 reported compensation |
| Ameritas Life Insurance Copr of Ny | $44,665 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006104902NAL0001796387001, received 2025-10-06, EIN 15-0552668, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.