M1 Support Services, L.P. 401(k) Review & Grade
M1 Support Services, L.P. 401(k) Plan
Denton, TXTransportation & Warehousing5,016 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,620Employer $ per active participant
$3,829Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$171.6MNet plan assets, end of year
$30,532Average balance per account
Score breakdown
- Employer generosity36.9 / 5074th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 37th |
| Employee saving | 48th |
| Peers that auto-enroll | 46% |
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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
- M1 Support Services, L.P. put in about $3,620 per active participant, more than the typical peer ($1,834). 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $18,158,317 |
| Participant (employee) contributions | $19,205,203 |
| Other contributions (incl. rollovers in) | $5,706,676 |
| Administrative expenses paid from the plan | $278,502 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $29,588 |
| Benefits paid out | $19,227,163 |
| Net assets, start / end of year | $128.6M / $171.6M |
| Active participants, start / end of year | 4,812 / 5,220 |
| Participants with account balances | 5,619 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA PC, |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $248,914 reported compensation |
| Strategic Advisors, Inc. | $29,588 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003080621NAL0000685859001, received 2025-10-03, EIN 20-0288988, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.