MRC Global (US) Inc. 401(k) Review & Grade
MRC Global Retirement Plan
Greenwood Village, COWholesale Trade2,012 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,403Employer $ per active participant
$4,295Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$257.7MNet plan assets, end of year
$92,882Average balance per account
Score breakdown
- Employer generosity31.6 / 5063th percentile for employer $ per participant
- Low cost18.4 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 73th |
| Employee saving | 44th |
| Peers that auto-enroll | 53% |
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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
- MRC Global (US) put in about $2,403 per active participant, more than the typical peer ($1,792). 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.
- 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 | $4,836,143 |
| Participant (employee) contributions | $8,644,228 |
| Other contributions (incl. rollovers in) | $304,661 |
| Administrative expenses paid from the plan | $257,477 |
| Investment advisory & management fees | $245,434 |
| Benefits paid out | $28,292,526 |
| Net assets, start / end of year | $245.7M / $257.7M |
| Active participants, start / end of year | 2,028 / 1,997 |
| Participants with account balances | 2,775 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Earnst & Young, LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $245,434 reported compensation |
| Empower Annuity Insurance Company O | $37,924 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904134133NAL0016326673001, received 2025-09-04, EIN 55-0229830, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.