Macmillan Holdings, LLC 401(k) Review & Grade
Macmillan Retirement Savings Plan
New York, NYInformation1,962 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,791Employer $ per active participant
$9,661Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$592.5MNet plan assets, end of year
$199,690Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 92th |
| Employee saving | 54th |
| 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 $143 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Macmillan Holdings put in about $5,791 per active participant, more than the typical peer ($2,829). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $11,365,589 |
| Participant (employee) contributions | $18,959,818 |
| Other contributions (incl. rollovers in) | $4,709,095 |
| Administrative expenses paid from the plan | $197,812 |
| Investment advisory & management fees | $106,868 |
| Benefits paid out | $43,291,867 |
| Net assets, start / end of year | $511.2M / $592.5M |
| Active participants, start / end of year | 1,959 / 1,966 |
| Participants with account balances | 2,967 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rosenberg Rich Baker Berman, P.A. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $106,868 reported compensation |
| Fidelity Investments Institutional | $64,945 reported compensation |
| Rosenberg Rich Baker Berman PA | $26,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013212213NAL0000948691001, received 2025-10-13, EIN 13-4047598, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.