Las Mercedes Management Inc 401(k) Review & Grade
Las Mercedes 401k Plan
Virginia Gardens, FLAdministrative, Support & Staffing Services806 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$100Employer $ per active participant
$493Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$887,753Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 10th |
| Employee saving | 20th |
| Peers that auto-enroll | 27% |
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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
- Las Mercedes Management put in about $100 per active participant, below the typical peer ($712). 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 (0.79% 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.
- 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 | $80,396 |
| Participant (employee) contributions | $396,989 |
| Other contributions (incl. rollovers in) | $28,019 |
| Administrative expenses paid from the plan | $5,057 |
| Investment advisory & management fees | $2,737 |
| Benefits paid out | $76,171 |
| Net assets, start / end of year | $398,795 / $887,753 |
| Active participants, start / end of year | 755 / 857 |
| Participants with account balances | 169 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | De La Hoz, Perez & Barbeito, PLL |
Largest service providers (Schedule C)
| Adp, Inc. | $5,056 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010050234NAL0017733778001, received 2025-10-10, EIN 45-5280374, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.