Mapco Express, Inc. 401(k) Review & Grade
Mapco 401(k) Plan
Franklin, TNRetail Trade1,380 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$487Employer $ per active participant
$673Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$17.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 26th |
| Employee saving | 8th |
| Peers that auto-enroll | 48% |
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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 ($1,209 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Mapco Express put in about $487 per active participant, below the typical peer ($743). 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.
- Direct plan expenses (0.45% 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.
- 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 | $671,745 |
| Participant (employee) contributions | $928,896 |
| Other contributions (incl. rollovers in) | $288,909 |
| Administrative expenses paid from the plan | $86,260 |
| Contract administrator fees | $66,328 |
| Investment advisory & management fees | $19,932 |
| Benefits paid out | $8,305,177 |
| Net assets, start / end of year | $21.2M / $17.1M |
| Active participants, start / end of year | 1,430 / 1,331 |
| Participants with account balances | 345 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Moore Colson & Company, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $66,328 reported compensation |
| Onedigital Investment Advisors | $13,888 reported compensation |
| Independent Advisor Alliance | $6,053 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260908113953NAL0003054322001, received 2026-09-08, EIN 52-2308712, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.