Maxcess International Corporation 401(k) Review & Grade
Maxcess International Corporation 401(k) Savings Plan
Oklahoma City, OKManufacturing1,111 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,891Employer $ per active participant
$6,698Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$179.9MNet plan assets, end of year
$121,302Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 83th |
| Employee saving | 71th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,227 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Maxcess International put in about $2,891 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 | $3,212,052 |
| Participant (employee) contributions | $7,441,136 |
| Other contributions (incl. rollovers in) | $372,052 |
| Administrative expenses paid from the plan | $114,382 |
| Other admin expenses | $114,382 |
| Benefits paid out | $25,846,967 |
| Net assets, start / end of year | $172.6M / $179.9M |
| Active participants, start / end of year | 1,119 / 1,103 |
| Participants with account balances | 1,483 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $117,558 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143512NAL0006451842001, received 2025-10-14, EIN 04-3041994, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.