MKD Electric LLC 401(k) Review & Grade
MKD Electric LLC Employee's Profit Sharing Plan
Elgin, ILOther Services520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,029Employer $ per active participant
$4,286Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$27.4MNet plan assets, end of year
$70,166Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 64th |
| Employee saving | 69th |
| Peers that auto-enroll | 40% |
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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
- MKD Electric put in about $2,029 per active participant, more than the typical peer ($1,257). 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.
- 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 | $1,055,108 |
| Participant (employee) contributions | $2,228,605 |
| Other contributions (incl. rollovers in) | $424,184 |
| Administrative expenses paid from the plan | $36,940 |
| Investment advisory & management fees | $36,940 |
| Benefits paid out | $2,305,318 |
| Net assets, start / end of year | $22.7M / $27.4M |
| Active participants, start / end of year | 469 / 571 |
| Participants with account balances | 391 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mccullough, Rossi & Co., LTD. |
Largest service providers (Schedule C)
| Mma Securities LLC | $55,379 reported compensation |
| Voya Retirement Insurance & Annuity | $53,721 reported compensation |
| Administrative Retirement Services | $16,090 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007121238NAL0002449075001, received 2025-10-07, EIN 36-4070454, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.