Masterbrand Cabinets LLC 401(k) Review & Grade
Masterbrand Cabinets LLC Union Employees Savings Plan
Beachwood, OHManufacturing2,056 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,332Employer $ per active participant
$2,290Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$59.2MNet plan assets, end of year
$21,863Average balance per account
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 52th |
| Employee saving | 15th |
| 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
- Masterbrand Cabinets put in about $1,332 per active participant, below the typical peer ($2,320). 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 | $2,738,226 |
| Participant (employee) contributions | $4,709,117 |
| Other contributions (incl. rollovers in) | $649,450 |
| Administrative expenses paid from the plan | $115,923 |
| Benefits paid out | $6,623,807 |
| Net assets, start / end of year | $50.4M / $59.2M |
| Active participants, start / end of year | 2,033 / 2,079 |
| Participants with account balances | 2,710 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $115,923 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731142504NAL0006188769001, received 2025-07-31, EIN 13-3346717, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.