Marek Shared Services LLC 401(k) Review & Grade
Marek Brothers Family of Companies Profit Sharing Plan & Trust
Houston, TXConstruction1,304 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$820Employer $ per active participant
$5,212Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$116.8MNet plan assets, end of year
$80,324Average balance per account
Score breakdown
- Employer generosity13.4 / 5027th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 84th |
| Employee saving | 67th |
| Peers that auto-enroll | 44% |
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 $11,099 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marek Shared Services put in about $820 per active participant, below the typical peer ($1,672). 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.
- 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 | $1,069,876 |
| Participant (employee) contributions | $6,796,856 |
| Other contributions (incl. rollovers in) | $128,887 |
| Administrative expenses paid from the plan | $66,751 |
| Contract administrator fees | $66,751 |
| Benefits paid out | $8,184,779 |
| Net assets, start / end of year | $103.1M / $116.8M |
| Active participants, start / end of year | 1,311 / 1,297 |
| Participants with account balances | 1,454 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Laporte Apac, CPA |
Largest service providers (Schedule C)
| Benefit Plans Adminstrative Service | $66,751 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003124033NAL0003376994001, received 2025-10-03, EIN 87-2364318, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.