Master International Corporation 401(k) Review & Grade
S. T. A. R. 401k Plan
Phoenix, AZWholesale Trade712 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,435Employer $ per active participant
$3,020Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$22.1MNet plan assets, end of year
$52,309Average balance per account
Score breakdown
- Employer generosity19.1 / 5038th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 26th |
| Employee saving | 23th |
| 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 ($23,179 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Master International put in about $1,435 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.
- Direct plan expenses (0.46% 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 | $1,022,193 |
| Participant (employee) contributions | $2,151,774 |
| Other contributions (incl. rollovers in) | $832,192 |
| Administrative expenses paid from the plan | $91,271 |
| Contract administrator fees | $84,692 |
| Investment advisory & management fees | $4,879 |
| Other admin expenses | $1,700 |
| Benefits paid out | $2,414,281 |
| Net assets, start / end of year | $18.0M / $22.1M |
| Active participants, start / end of year | 716 / 709 |
| Participants with account balances | 422 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Evers Robinson LTD |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $86,548 reported compensation |
| Global Retirement Partners LLC | $57,753 reported compensation |
| Alera Investment Advisors | $12,789 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001101900NAL0014077760001, received 2025-10-01, EIN 95-3000067, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.