Marcone Appliance Parts Co. 401(k) Review & Grade
Marcone Appliance Parts Center 401(k) Profit Sharing Plan
Creve Couer, MORetail Trade1,971 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$980Employer $ per active participant
$3,295Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$99.5MNet plan assets, end of year
$73,189Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 35th |
| Employee saving | 56th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,007 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marcone Appliance Parts put in about $980 per active participant, more than the typical peer ($743). 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 (0.35% 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 | $1,931,220 |
| Participant (employee) contributions | $6,495,324 |
| Other contributions (incl. rollovers in) | $1,009,491 |
| Administrative expenses paid from the plan | $317,283 |
| Contract administrator fees | $312,654 |
| Benefits paid out | $18,380,112 |
| Net assets, start / end of year | $79.4M / $99.5M |
| Active participants, start / end of year | 1,992 / 1,950 |
| Participants with account balances | 1,360 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $309,287 reported compensation |
| Principal Securities Inc | $59,967 reported compensation |
| Kuhlmann Financial Services Inc | $39,937 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013073242NAL0000907105001, received 2025-10-13, EIN 43-0728583, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.