Monarch Enterprises, Inc. 401(k) Review & Grade
Monarch Enterprises, Inc. 401(k) Profit Sharing Plan and Trust
Kirkland, WAProfessional, Scientific & Technical Services564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$173Employer $ per active participant
$1,353Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$11.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.2 / 508th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score11 / 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 | 8th |
| Lower admin cost | 22th |
| Employee saving | 7th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $14,596 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Monarch Enterprises put in about $173 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 (0.52% 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 | $97,689 |
| Participant (employee) contributions | $763,886 |
| Other contributions (incl. rollovers in) | $17,189 |
| Administrative expenses paid from the plan | $59,874 |
| Other admin expenses | $26,397 |
| Benefits paid out | $2,691,332 |
| Net assets, start / end of year | $11.6M / $11.3M |
| Active participants, start / end of year | 389 / 740 |
| Participants with account balances | 225 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $33,477 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908102612NAL0012227763001, received 2025-09-08, EIN 73-6502479, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.