Material Holdings LLC 401(k) Review & Grade
Material 401(k) Profit Sharing Plan
Los Angeles, CAProfessional, Scientific & Technical Services883 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,294Employer $ per active participant
$10,313Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$135.2MNet plan assets, end of year
$86,043Average balance per account
Score breakdown
- Employer generosity26.9 / 5054th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 64th |
| Employee saving | 62th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Material Holdings put in about $3,294 per active participant, more than the typical peer ($3,082). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,908,993 |
| Participant (employee) contributions | $9,106,661 |
| Other contributions (incl. rollovers in) | $1,125,437 |
| Administrative expenses paid from the plan | $188,122 |
| Investment advisory & management fees | $26,949 |
| Other admin expenses | $43,854 |
| Benefits paid out | $15,528,607 |
| Net assets, start / end of year | $121.0M / $135.2M |
| Active participants, start / end of year | 936 / 830 |
| Participants with account balances | 1,571 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilley |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $103,729 reported compensation |
| Ubs Financial Services Inc | $47,257 reported compensation |
| Baker Tilley | $22,050 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014202811NAL0001804547001, received 2025-10-14, EIN 95-2848286, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.