The Maschhoffs 401(k) Review & Grade
The Maschhoffs 401(k) Plan
Carlyle, ILAgriculture, Forestry, Fishing & Hunting790 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,388Employer $ per active participant
$2,575Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$45.6MNet plan assets, end of year
$93,825Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 64th |
| Employee saving | 58th |
| Peers that auto-enroll | 36% |
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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
- Maschhoffs put in about $1,388 per active participant, more than the typical peer ($774). 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.
- 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 | $1,096,133 |
| Participant (employee) contributions | $2,032,624 |
| Other contributions (incl. rollovers in) | $22,989 |
| Administrative expenses paid from the plan | $61,466 |
| Benefits paid out | $2,837,794 |
| Net assets, start / end of year | $39.8M / $45.6M |
| Active participants, start / end of year | 746 / 833 |
| Participants with account balances | 486 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frost PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $61,466 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902100935NAL0008658147001, received 2025-09-02, EIN 20-2182979, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.