Mlsc Holding Co. Inc. 401(k) Review & Grade
Mlsc Holding Co., Inc. Employees' Retirement Plan
Orem, UTWholesale Trade996 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,821Employer $ per active participant
$4,522Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$43.2MNet plan assets, end of year
$39,724Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 19th |
| Employee saving | 47th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Mlsc Holding Co. put in about $2,821 per active participant, more than the typical peer ($1,792). 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 (0.57% 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 | $2,808,385 |
| Participant (employee) contributions | $4,501,895 |
| Other contributions (incl. rollovers in) | $1,180,658 |
| Administrative expenses paid from the plan | $221,100 |
| Contract administrator fees | $221,100 |
| Benefits paid out | $3,385,209 |
| Net assets, start / end of year | $34.3M / $43.2M |
| Active participants, start / end of year | 972 / 1,019 |
| Participants with account balances | 1,088 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $221,099 reported compensation |
| Soltis Investment Advisors, LLC | $99,663 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260515135335NAL0011518080001, received 2026-05-15, EIN 26-2906608, plan #001, plan year 2024-08-01 to 2025-07-31. Verify at efast.dol.gov.