Masis Staffing Solutions LLC 401(k) Review & Grade
Masis Staffing 401(k) Plan
Worcester, MAAdministrative, Support & Staffing Services1,022 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$192Employer $ per active participant
$584Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$3.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1522th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 15th |
| Employee saving | 22th |
| Peers that auto-enroll | 27% |
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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
- Masis Staffing Solutions put in about $192 per active participant, below the typical peer ($712). 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 (0.65% 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 | $195,809 |
| Participant (employee) contributions | $596,247 |
| Other contributions (incl. rollovers in) | $942,210 |
| Administrative expenses paid from the plan | $16,747 |
| Benefits paid out | $30,766 |
| Net assets, start / end of year | $1.6M / $3.6M |
| Active participants, start / end of year | 963 / 1,080 |
| Participants with account balances | 104 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250903095004NAL0025720976001, received 2025-09-03, EIN 46-2628003, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.