Monogram Management Services, Inc. 401(k) Review & Grade
Monogram Food Solutions 401(k) Plan
Memphis, TNAccommodation & Food Services3,161 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,259Employer $ per active participant
$2,127Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$62.6MNet plan assets, end of year
$34,787Average balance per account
Score breakdown
- Employer generosity46.6 / 5093th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 10th |
| Employee saving | 86th |
| Peers that auto-enroll | 15% |
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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
- Monogram Management Services put in about $1,259 per active participant, more than the typical peer ($244). 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 (0.59% of assets) are well above similar-size plans (0.12%). 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 | $3,980,391 |
| Participant (employee) contributions | $6,722,183 |
| Other contributions (incl. rollovers in) | $1,149,773 |
| Administrative expenses paid from the plan | $336,769 |
| Contract administrator fees | $73,000 |
| Investment advisory & management fees | $55,000 |
| Benefits paid out | $7,845,090 |
| Net assets, start / end of year | $52.4M / $62.6M |
| Active participants, start / end of year | 3,254 / 3,068 |
| Participants with account balances | 1,799 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Banks, Finley, White & Company |
Largest service providers (Schedule C)
| Lincoln National Corporation | $336,769 reported compensation |
| Burleigh Consulting Group | $73,000 reported compensation |
| Cbiz Investment Advisory Services | $55,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144115NAL0010127826001, received 2025-10-15, EIN 45-3115232, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.