Mpi Management LLC DBA Olshan PR 401(k) Review & Grade
Mpi Mgmt LLC D/B/A Olshan Properties 401(k) Plan
New Albany, OHReal Estate & Rental610 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$297Employer $ per active participant
$2,681Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$11.9MNet plan assets, end of year
$15,369Average balance per account
Score breakdown
- Employer generosity6.2 / 5012th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 35th |
| Employee saving | 38th |
| Peers that auto-enroll | 47% |
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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
- Mpi Management LLC DBA Olshan PR put in about $297 per active participant, below the typical peer ($1,279). 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 (0.35% 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 | $181,012 |
| Participant (employee) contributions | $1,633,869 |
| Other contributions (incl. rollovers in) | $96,826 |
| Administrative expenses paid from the plan | $38,023 |
| Investment advisory & management fees | $13,734 |
| Benefits paid out | $1,249,355 |
| Net assets, start / end of year | $9.9M / $11.9M |
| Active participants, start / end of year | 648 / 571 |
| Participants with account balances | 772 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Yehezkel CPA LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $24,288 reported compensation |
| Alliant Insurance Agency Inc | $13,734 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801053223NAL0003030051001, received 2025-08-01, EIN 27-2968288, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.