Mallory Safety and Supply LLC 401(k) Review & Grade
Mallory Safety and Supply Employees Retirement Plan
Portland, ORWholesale Trade510 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$933Employer $ per active participant
$2,895Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$15.2MNet plan assets, end of year
$29,896Average balance per account
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 51th |
| Employee saving | 21th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($118,170 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Mallory Safety and Supply put in about $933 per active participant, below the typical peer ($1,792). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $475,617 |
| Participant (employee) contributions | $1,475,192 |
| Other contributions (incl. rollovers in) | $131,387 |
| Administrative expenses paid from the plan | $30,243 |
| Contract administrator fees | $30,243 |
| Benefits paid out | $467,050 |
| Net assets, start / end of year | $12.0M / $15.2M |
| Active participants, start / end of year | 518 / 501 |
| Participants with account balances | 510 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Michelle Semiglia, CPA |
Largest service providers (Schedule C)
| Employee Fiduciary LLC | $31,668 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105152NAL0002171011001, received 2025-10-15, EIN 27-3905150, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.