Orchid MPS Holdings, LLC 401(k) Review & Grade
Orchid MPS Holdings 401(k) Profit Sharing Plan
Mason, MIManufacturing1,472 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,453Employer $ per active participant
$5,416Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$106.5MNet plan assets, end of year
$59,827Average balance per account
Score breakdown
- Employer generosity14.9 / 5030th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 88th |
| Employee saving | 57th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $72 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Orchid MPS Holdings put in about $1,453 per active participant, below the typical peer ($2,320). 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 | $2,138,336 |
| Participant (employee) contributions | $7,971,798 |
| Other contributions (incl. rollovers in) | $648,696 |
| Administrative expenses paid from the plan | $50,116 |
| Investment advisory & management fees | $25,031 |
| Benefits paid out | $15,116,582 |
| Net assets, start / end of year | $97.6M / $106.5M |
| Active participants, start / end of year | 1,580 / 1,364 |
| Participants with account balances | 1,780 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $25,085 reported compensation |
| Strategic Advisors, Inc. | $25,031 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020153433NAL0000737073001, received 2025-10-20, EIN 33-1498605, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.