Manhattan Beer Distributors, LLC 401(k) Review & Grade
Manhattan Beer Distributors Union Employees 401(k) Plan
Bronx, NYWholesale Trade1,560 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$100Employer $ per active participant
$1,383Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$32.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.5 / 503th percentile for employer $ per participant
- Low cost19.1 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 77th |
| Employee saving | 7th |
| 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 ($141,190 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $18,463 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Manhattan Beer Distributors put in about $100 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 | $155,277 |
| Participant (employee) contributions | $2,156,485 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $27,426 |
| Other admin expenses | $27,426 |
| Benefits paid out | $2,071,517 |
| Net assets, start / end of year | $28.9M / $32.1M |
| Active participants, start / end of year | 1,587 / 1,532 |
| Participants with account balances | 614 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $178,202 reported compensation |
| American Funds | $0 reported compensation |
| Nuveen Funds | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010114841NAL0004199779001, received 2025-10-10, EIN 13-3992843, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.