Mackin Book Company 401(k) Review & Grade
Mackin Educational Resources 401(k) Retirement Savings Plan
Burnsville, MNRetail Trade534 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,092Employer $ per active participant
$2,421Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$18.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 40th |
| Employee saving | 40th |
| Peers that auto-enroll | 48% |
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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
- Mackin Book put in about $1,092 per active participant, more than the typical peer ($743). 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 | $583,159 |
| Participant (employee) contributions | $1,292,948 |
| Other contributions (incl. rollovers in) | $117,234 |
| Administrative expenses paid from the plan | $49,590 |
| Contract administrator fees | $49,590 |
| Benefits paid out | $459,904 |
| Net assets, start / end of year | $14.6M / $18.0M |
| Active participants, start / end of year | 524 / 544 |
| Participants with account balances | 265 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $49,590 reported compensation |
| Osaic Wealth Inc | $10,306 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009084447NAL0003750483001, received 2025-10-09, EIN 41-1658426, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.