Launch Management Services, LLC 401(k) Review & Grade
Launch Management Services, LLC Retirement Plan
Oak Brook, ILAdministrative, Support & Staffing Services788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$874Employer $ per active participant
$1,919Employee $ saved per active participant
0.89%Direct admin cost, % of plan assets
$12.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost2.1 / 258th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 8th |
| Employee saving | 52th |
| Peers that auto-enroll | 27% |
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
Corrective distributions: the plan refunded $401 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Launch Management Services put in about $874 per active participant, more than the typical peer ($712). 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 (0.89% 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 | $689,297 |
| Participant (employee) contributions | $1,512,927 |
| Other contributions (incl. rollovers in) | $37,277 |
| Administrative expenses paid from the plan | $87,866 |
| Investment advisory & management fees | $47,350 |
| Benefits paid out | $1,441,270 |
| Net assets, start / end of year | $7.8M / $12.1M |
| Active participants, start / end of year | 824 / 753 |
| Participants with account balances | 299 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller Cooper & Co LTD |
Largest service providers (Schedule C)
| Mma Securities, LLC | $44,032 reported compensation |
| Adp, Inc. | $43,832 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009053515NAL0010374576001, received 2025-10-09, EIN 27-5412512, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.