Malones Holding LLC 401(k) Review & Grade
Bluegrass Hospitality Group 401k Plan
Lexington, KYAccommodation & Food Services1,076 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$493Employer $ per active participant
$874Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$13.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity35.6 / 5071th percentile for employer $ per participant
- Low cost8.6 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 35th |
| Employee saving | 53th |
| Peers that auto-enroll | 17% |
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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
- Malones Holding put in about $493 per active participant, more than the typical peer ($266). 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 (0.36% of assets) are well above similar-size plans (0.23%). 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 | $530,993 |
| Participant (employee) contributions | $940,860 |
| Other contributions (incl. rollovers in) | $20,820 |
| Administrative expenses paid from the plan | $42,382 |
| Benefits paid out | $408,124 |
| Net assets, start / end of year | $10.7M / $13.1M |
| Active participants, start / end of year | 1,191 / 961 |
| Participants with account balances | 208 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Faulkner, King & Wenz PSC |
Largest service providers (Schedule C)
| Atlanta Consulting Group Advisors | $23,278 reported compensation |
| Lincoln National Corporation | $13,630 reported compensation |
| Mcgregor & Associates, Inc. | $5,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010121242NAL0013078320001, received 2025-10-10, EIN 20-1453313, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.