Malnati Organization, LLC 401(k) Review & Grade
Malnati Organization 401(k) Savings Plan
Buffalo Grove, ILAccommodation & Food Services1,558 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$309Employer $ per active participant
$950Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$28.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity26.8 / 5054th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 40th |
| Employee saving | 58th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $116,848 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Malnati Organization put in about $309 per active participant, more than the typical peer ($266). 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.
- 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.
- 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 | $482,355 |
| Participant (employee) contributions | $1,481,045 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $84,076 |
| Contract administrator fees | $84,076 |
| Benefits paid out | $4,658,272 |
| Net assets, start / end of year | $27.1M / $28.5M |
| Active participants, start / end of year | 1,682 / 1,435 |
| Participants with account balances | 671 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cjbs, LLC |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Servc | $48,330 reported compensation |
| Global Retirement Partners LLC | $37,496 reported compensation |
| Dowell Group LLP | $3,825 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007120542NAL0002650051001, received 2025-10-07, EIN 36-3308841, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.