MMC Group, L.P. 401(k) Review & Grade
MMC Group LP 401(k) Profit Sharing Plan
Irving, TXProfessional, Scientific & Technical Services1,400 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3Employer $ per active participant
$312Employee $ saved per active participant
1.04%Direct admin cost, % of plan assets
$4.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.6 / 505th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 6th |
| Employee saving | 2th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $71,016 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- MMC Group, L.P. put in about $3 per active participant, below the typical peer ($3,082). 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 (1.04% 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 | $4,128 |
| Participant (employee) contributions | $437,254 |
| Other contributions (incl. rollovers in) | $7,599 |
| Administrative expenses paid from the plan | $45,003 |
| Contract administrator fees | $25,966 |
| Investment advisory & management fees | $16,552 |
| Other admin expenses | $2,485 |
| Benefits paid out | $995,156 |
| Net assets, start / end of year | $4.4M / $4.3M |
| Active participants, start / end of year | 1,510 / 1,291 |
| Participants with account balances | 159 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Afairchild LLC |
Largest service providers (Schedule C)
| Merrill Lynch | $16,552 reported compensation |
| John Hancock Life Insurance Company | $1,762 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905160210NAL0010686083001, received 2025-09-05, EIN 75-2910732, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.