Mccormack Baron Salazar, Inc. 401(k) Review & Grade
Mccormack Baron 401(k) Plan
ST. Louis, MOReal Estate & Rental628 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,215Employer $ per active participant
$2,849Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$32.5MNet plan assets, end of year
$41,310Average balance per account
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 36th |
| Employee saving | 40th |
| Peers that auto-enroll | 47% |
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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 ($2,139,576 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,196 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mccormack Baron Salazar put in about $1,215 per active participant, below the typical peer ($1,279). 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.
- 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.
- 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 | $762,538 |
| Participant (employee) contributions | $1,787,508 |
| Other contributions (incl. rollovers in) | $12,619 |
| Administrative expenses paid from the plan | $105,904 |
| Investment advisory & management fees | $46,170 |
| Benefits paid out | $3,857,634 |
| Net assets, start / end of year | $30.4M / $32.5M |
| Active participants, start / end of year | 472 / 783 |
| Participants with account balances | 786 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubinbrown, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $59,734 reported compensation |
| Enterprise Bank & Trust | $46,170 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014182840NAL0001750003001, received 2025-10-14, EIN 43-1053637, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.