Momentum Platform, LLC 401(k) Review & Grade
Momentum 401(k) Plan
Dallas, TXManagement of Companies1,108 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,112Employer $ per active participant
$10,547Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$98.3MNet plan assets, end of year
$69,888Average balance per account
Score breakdown
- Employer generosity41.5 / 5083th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 44th |
| Employee saving | 85th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($573,494 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,074 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Momentum Platform put in about $6,112 per active participant, more than the typical peer ($2,492). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $6,772,607 |
| Participant (employee) contributions | $11,686,299 |
| Other contributions (incl. rollovers in) | $2,556,154 |
| Administrative expenses paid from the plan | $195,650 |
| Contract administrator fees | $124,809 |
| Investment advisory & management fees | $67,093 |
| Other admin expenses | $3,748 |
| Benefits paid out | $10,894,205 |
| Net assets, start / end of year | $43.7M / $98.3M |
| Active participants, start / end of year | 1,110 / 1,106 |
| Participants with account balances | 1,406 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell L.L.P. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $124,809 reported compensation |
| PNC Bank NA | $70,884 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015174513NAL0005562657001, received 2025-10-15, EIN 92-1310223, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.