Matrix Service Company 401(k) Review & Grade
Matrix Service Company 401(k) Savings Plan
Tulsa, OKWholesale Trade1,902 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,575Employer $ per active participant
$5,736Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$215.7MNet plan assets, end of year
$141,527Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost15.1 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 60th |
| Employee saving | 64th |
| Peers that auto-enroll | 53% |
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
- Matrix Service put in about $2,575 per active participant, more than the typical peer ($1,792). 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.
- 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 | $4,898,473 |
| Participant (employee) contributions | $10,913,358 |
| Other contributions (incl. rollovers in) | $2,206,702 |
| Administrative expenses paid from the plan | $342,418 |
| Investment advisory & management fees | $70,000 |
| Other admin expenses | $326 |
| Benefits paid out | $28,361,135 |
| Net assets, start / end of year | $199.2M / $215.7M |
| Active participants, start / end of year | 1,954 / 1,851 |
| Participants with account balances | 1,524 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hogan Taylor LLP |
Largest service providers (Schedule C)
| Milliman, Inc. | $239,911 reported compensation |
| Bok Financial | $70,000 reported compensation |
| Charles Schwabtrust Bank | $32,165 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007163411NAL0002608483001, received 2025-10-07, EIN 73-1352174, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.