MMR Group, Inc. 401(k) Review & Grade
MMR Group, Inc. Profit Sharing Plan
Baton Rouge, LAConstruction6,736 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$111Employer $ per active participant
$1,134Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$85.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.7 / 505th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 46th |
| Employee saving | 12th |
| Peers that auto-enroll | 57% |
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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
- MMR Group put in about $111 per active participant, below the typical peer ($1,965). 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 | $750,000 |
| Participant (employee) contributions | $7,641,797 |
| Other contributions (incl. rollovers in) | $663,967 |
| Administrative expenses paid from the plan | $110,369 |
| Contract administrator fees | $110,369 |
| Benefits paid out | $4,816,663 |
| Net assets, start / end of year | $70.4M / $85.0M |
| Active participants, start / end of year | 6,694 / 6,778 |
| Participants with account balances | 1,503 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Maddox & Associates, Apc |
Largest service providers (Schedule C)
| Wells Fargo Advisors Financial Netw | $191,952 reported compensation |
| Employee Plan Compliance Co of Loui | $118,025 reported compensation |
| Principal Life Insurance Company | $7,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112603NAL0002638545001, received 2025-10-14, EIN 72-1046000, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.