Mundy Service Corporation 401(k) Review & Grade
The Mundy Companies Retirement Savings Plan
Houston, TXOther Services1,590 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$189Employer $ per active participant
$880Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
$12,588Average balance per account
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 65th |
| Employee saving | 21th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $32,593 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mundy Service put in about $189 per active participant, below the typical peer ($1,257). 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.
- 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.
- 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 | $300,000 |
| Participant (employee) contributions | $1,398,965 |
| Other contributions (incl. rollovers in) | $299,019 |
| Administrative expenses paid from the plan | $22,717 |
| Other admin expenses | $22,717 |
| Benefits paid out | $1,468,664 |
| Net assets, start / end of year | $15.1M / $17.5M |
| Active participants, start / end of year | 1,603 / 1,578 |
| Participants with account balances | 1,394 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Benton Duroy, & Ivey, PC |
Largest service providers (Schedule C)
| Baker Botts LLP | $13,719 reported compensation |
| Merrill Lynch, Pierce, Fenner and S | $8,998 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007123232NAL0008134928001, received 2025-10-07, EIN 74-1507361, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.