Mary Kay Inc. 401(k) Review & Grade
Mary Kay Inc. Profit Sharing and 401(k) Plan
Addison, TXManufacturing1,550 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,063Employer $ per active participant
$9,058Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$789.9MNet plan assets, end of year
$374,205Average balance per account
Score breakdown
- Employer generosity41.6 / 5083th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 60th |
| Employee saving | 86th |
| Peers that auto-enroll | 59% |
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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
- Mary Kay put in about $5,063 per active participant, more than the typical peer ($2,320). 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.
- 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 | $7,850,667 |
| Participant (employee) contributions | $14,044,963 |
| Other contributions (incl. rollovers in) | $1,168,374 |
| Administrative expenses paid from the plan | $1,311,767 |
| Contract administrator fees | $127,123 |
| Investment advisory & management fees | $810,411 |
| Other admin expenses | $139,650 |
| Benefits paid out | $95,053,112 |
| Net assets, start / end of year | $765.3M / $789.9M |
| Active participants, start / end of year | 1,642 / 1,459 |
| Participants with account balances | 2,111 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Lazard Asset Management | $272,689 reported compensation |
| Cooke & Beiler | $233,099 reported compensation |
| Empower Retirement | $178,024 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829103100NAL0011244321001, received 2025-08-29, EIN 75-1151701, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.