Mistras Group, Inc. 401(k) Review & Grade
Mistras Group, Inc. Salary Savings Plan
Princeton Junction, NJManufacturing3,120 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,343Employer $ per active participant
$4,254Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$201.4MNet plan assets, end of year
$91,193Average balance per account
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 43th |
| Employee saving | 27th |
| Peers that auto-enroll | 70% |
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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 ($192 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Mistras Group put in about $1,343 per active participant, below the typical peer ($3,452). 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 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 | $4,190,847 |
| Participant (employee) contributions | $13,273,076 |
| Other contributions (incl. rollovers in) | $2,380,937 |
| Administrative expenses paid from the plan | $294,863 |
| Investment advisory & management fees | $154,733 |
| Benefits paid out | $33,093,777 |
| Net assets, start / end of year | $191.3M / $201.4M |
| Active participants, start / end of year | 3,174 / 3,067 |
| Participants with account balances | 2,209 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Torrillo and Asociates LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $140,130 reported compensation |
| Capfinancial Partners LLC DBA Captr | $100,600 reported compensation |
| Capital Management Enterprises LLC | $54,133 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007152230NAL0004778001001, received 2025-10-07, EIN 22-3341267, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.