Mtech Mechanical Technologies Group, Inc. 401(k) Review & Grade
Mtech 401(k) Plan
Westminster, COConstruction589 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,912Employer $ per active participant
$7,470Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$60.0MNet plan assets, end of year
$88,716Average balance per account
Score breakdown
- Employer generosity37.0 / 5074th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 40th |
| Employee saving | 84th |
| Peers that auto-enroll | 44% |
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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
- Mtech Mechanical Technologies Group put in about $2,912 per active participant, more than the typical peer ($1,672). 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 | $1,715,155 |
| Participant (employee) contributions | $4,399,691 |
| Other contributions (incl. rollovers in) | $194,728 |
| Administrative expenses paid from the plan | $171,330 |
| Investment advisory & management fees | $40,781 |
| Benefits paid out | $7,614,567 |
| Net assets, start / end of year | $54.3M / $60.0M |
| Active participants, start / end of year | 597 / 581 |
| Participants with account balances | 676 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli,llp |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $130,549 reported compensation |
| Empower Advisory Group, LLC | $27,336 reported compensation |
| Global Retirement Partners LLC | $13,444 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717091615NAL0000027729001, received 2025-07-17, EIN 73-1639381, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.