Midwest Motor Supply Company 401(k) Review & Grade
Midwest Motor Supply Corporate 401(k) Plan
Columbus, OHWholesale Trade879 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,806Employer $ per active participant
$3,191Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$35.3MNet plan assets, end of year
$41,190Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost15.6 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 63th |
| Employee saving | 25th |
| Peers that auto-enroll | 53% |
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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
- Midwest Motor Supply put in about $1,806 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 | $1,587,847 |
| Participant (employee) contributions | $2,804,676 |
| Other contributions (incl. rollovers in) | $156,268 |
| Administrative expenses paid from the plan | $48,506 |
| Investment advisory & management fees | $2,447 |
| Benefits paid out | $1,074,093 |
| Net assets, start / end of year | $27.9M / $35.3M |
| Active participants, start / end of year | 905 / 853 |
| Participants with account balances | 856 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ary Roepcke Mulchaey, P.C. |
Largest service providers (Schedule C)
| T. Rowe Price RPS Inc. | $46,059 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929143008NAL0015330579014, received 2025-09-29, EIN 31-4408759, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.