Mill Creek Lumber & Supply Co. 401(k) Review & Grade
Mill Creek Lumber & Supply Co. Employee Savings 401(k) Plan
Tulsa, OKRetail Trade616 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,300Employer $ per active participant
$4,572Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$31.9MNet plan assets, end of year
$37,809Average balance per account
Score breakdown
- Employer generosity35.6 / 5071th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 45th |
| Employee saving | 75th |
| 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
- Mill Creek Lumber & Supply put in about $1,300 per active participant, more than the typical peer ($743). 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 | $801,065 |
| Participant (employee) contributions | $2,816,508 |
| Other contributions (incl. rollovers in) | $828,924 |
| Administrative expenses paid from the plan | $77,368 |
| Benefits paid out | $2,054,585 |
| Net assets, start / end of year | $26.0M / $31.9M |
| Active participants, start / end of year | 524 / 708 |
| Participants with account balances | 843 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Briscoe Burke & Grigsby, LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins. Co. of America | $83,249 reported compensation |
| Hub Investment Partners, LLC | $53,991 reported compensation |
| Employee Benefits Group LLC | $22,605 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006101524NAL0008624626001, received 2025-10-06, EIN 73-0541869, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.