MLK Consulting LLC 401(k) Review & Grade
Dream Golf 401(k) Retirement Plan
Chicago, ILArts, Entertainment & Recreation1,004 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,414Employer $ per active participant
$2,825Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$29.5MNet plan assets, end of year
$17,036Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 22th |
| Employee saving | 59th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- MLK Consulting put in about $2,414 per active participant, more than the typical peer ($995). 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.
- Direct plan expenses (0.52% 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.
- 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 | $2,424,816 |
| Participant (employee) contributions | $2,837,302 |
| Other contributions (incl. rollovers in) | $347,406 |
| Administrative expenses paid from the plan | $136,713 |
| Investment advisory & management fees | $72,978 |
| Benefits paid out | $1,921,223 |
| Net assets, start / end of year | $22.8M / $29.5M |
| Active participants, start / end of year | 952 / 1,057 |
| Participants with account balances | 1,729 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Usi Advisors Inc | $66,466 reported compensation |
| Fidelity Investments Institutional | $63,735 reported compensation |
| Strategic Advisors, Inc. | $6,512 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133913NAL0003051473001, received 2025-10-14, EIN 20-8001297, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.