Master Service Companies, LLC 401(k) Review & Grade
Master Service Companies, LLC 401(k) Plan
Knoxville, TNConstruction822 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,667Employer $ per active participant
$2,337Employee $ saved per active participant
0.87%Direct admin cost, % of plan assets
$10.5MNet plan assets, end of year
$9,856Average balance per account
Score breakdown
- Employer generosity24.7 / 5049th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 9th |
| Employee saving | 27th |
| Peers that auto-enroll | 44% |
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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 ($2,160 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 Service Companies put in about $1,667 per active participant, below the typical peer ($1,672). 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 (0.87% 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 | $1,369,172 |
| Participant (employee) contributions | $1,919,594 |
| Other contributions (incl. rollovers in) | $180,569 |
| Administrative expenses paid from the plan | $69,011 |
| Contract administrator fees | $5,890 |
| Benefits paid out | $513,984 |
| Net assets, start / end of year | $5.4M / $10.5M |
| Active participants, start / end of year | 774 / 869 |
| Participants with account balances | 1,061 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Walsh & Dickinson |
Largest service providers (Schedule C)
| Merrill Lynch Life Agency, Inc. | $31,801 reported compensation |
| Transamerica Financial Life Insuran | $31,320 reported compensation |
| Pasi, LLC | $5,890 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015114926NAL0002242739001, received 2025-10-15, EIN 26-2874958, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.