Manhattan Beer Distributors, LLC 401(k) Review & Grade
Manhattan Beer Distributors LLC 401(k) Retirement Plan
Bronx, NYWholesale Trade1,541 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,661Employer $ per active participant
$2,483Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$125.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.1 / 5046th percentile for employer $ per participant
- Low cost23.9 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 95th |
| Employee saving | 16th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $144,068 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Manhattan Beer Distributors put in about $1,661 per active participant, below the typical peer ($1,792). 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.
- 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 | $2,559,917 |
| Participant (employee) contributions | $3,826,420 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $23,929 |
| Other admin expenses | $23,929 |
| Benefits paid out | $15,474,164 |
| Net assets, start / end of year | $117.8M / $125.5M |
| Active participants, start / end of year | 1,582 / 1,500 |
| Participants with account balances | 744 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $265,122 reported compensation |
| American Funds | $0 reported compensation |
| Nuveen Funds | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010114741NAL0012497392001, received 2025-10-10, EIN 13-3992843, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.