Marshall & Sterling Enterprises, Inc. 401(k) Review & Grade
Marshall & Sterling Enterprises, Inc. 401(k) Plan
Poughkeepsie, NYManagement of Companies548 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,781Employer $ per active participant
$7,947Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$68.6MNet plan assets, end of year
$102,756Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost19.9 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 79th |
| Employee saving | 70th |
| Peers that auto-enroll | 58% |
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 $616,055 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marshall & Sterling Enterprises put in about $3,781 per active participant, more than the typical peer ($2,492). 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 | $2,073,786 |
| Participant (employee) contributions | $4,359,052 |
| Other contributions (incl. rollovers in) | $156,967 |
| Administrative expenses paid from the plan | $50,947 |
| Benefits paid out | $5,397,939 |
| Net assets, start / end of year | $61.0M / $68.6M |
| Active participants, start / end of year | 539 / 558 |
| Participants with account balances | 668 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RBT Cpas, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $50,947 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014080103NAL0002283297001, received 2025-10-14, EIN 14-1769290, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.