Mastercontrol Solutions, Inc. 401(k) Review & Grade
Mastercontrol 401(k) Savings Plan
Salt Lake City, UTProfessional, Scientific & Technical Services650 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,484Employer $ per active participant
$11,957Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$63.7MNet plan assets, end of year
$80,740Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 51th |
| Employee saving | 73th |
| Peers that auto-enroll | 48% |
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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
- Mastercontrol Solutions put in about $2,484 per active participant, below the typical peer ($3,082). 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 | $1,613,339 |
| Participant (employee) contributions | $7,766,278 |
| Other contributions (incl. rollovers in) | $792,269 |
| Administrative expenses paid from the plan | $128,504 |
| Investment advisory & management fees | $61,867 |
| Benefits paid out | $4,950,584 |
| Net assets, start / end of year | $50.6M / $63.7M |
| Active participants, start / end of year | 660 / 639 |
| Participants with account balances | 789 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $66,637 reported compensation |
| LPL Financial Corporation Rpcp | $61,867 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015183030NAL0002871539001, received 2025-10-15, EIN 87-0662434, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.