Marrakech, Inc. 401(k) Review & Grade
Marrakech, Inc 401(k) and Profit Sharing Plan
Woodbridge, CTHealth Care & Social Assistance706 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,457Employer $ per active participant
$518Employee $ saved per active participant
1.09%Direct admin cost, % of plan assets
$12.8MNet plan assets, end of year
$17,970Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost1.4 / 255th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 5th |
| Employee saving | 12th |
| Peers that auto-enroll | 36% |
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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
- Marrakech put in about $2,457 per active participant, more than the typical peer ($976). 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 (1.09% 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 | $1,734,309 |
| Participant (employee) contributions | $365,861 |
| Other contributions (incl. rollovers in) | $5,573 |
| Administrative expenses paid from the plan | $127,262 |
| Contract administrator fees | $79,165 |
| Benefits paid out | $919,372 |
| Net assets, start / end of year | $10.5M / $12.8M |
| Active participants, start / end of year | 721 / 691 |
| Participants with account balances | 711 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $69,584 reported compensation |
| Pasi, LLC | $29,326 reported compensation |
| Patriot Financial | $23,720 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260408153002NAL0014006178001, received 2026-04-08, EIN 23-7148533, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.