Melgar Facility Maintenance LLC DBA MFM Industries 401(k) Review & Grade
Melgar Facility Maintenance, LLC D/B/A MFM Industries Retirement Plan
Highland Village, TXAdministrative, Support & Staffing Services1,268 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$149Employer $ per active participant
$20Employee $ saved per active participant
3.31%Direct admin cost, % of plan assets
$1.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 0th |
| Employee saving | 2th |
| Peers that auto-enroll | 27% |
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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
- Melgar Facility Maintenance LLC DBA MFM Industries put in about $149 per active participant, below the typical peer ($712). 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 (3.31% 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.
- 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 | $189,563 |
| Participant (employee) contributions | $25,727 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $37,585 |
| Contract administrator fees | $37,585 |
| Benefits paid out | $258,762 |
| Net assets, start / end of year | $1.1M / $1.1M |
| Active participants, start / end of year | 1,281 / 1,255 |
| Participants with account balances | 216 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $21,859 reported compensation |
| Orenda Retirement, LLC | $16,109 reported compensation |
| Royal Alliance Associates, Inc | $5,369 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805092003NAL0002071520001, received 2025-08-05, EIN 27-4466953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.