Mcmenamins, Inc. 401(k) Review & Grade
Mcmenamins Pubs & Breweries 401(k) Plan
Portland, ORAccommodation & Food Services2,064 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$102Employer $ per active participant
$1,146Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$40.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost7.9 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 31th |
| Employee saving | 67th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,156 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mcmenamins put in about $102 per active participant, below the typical peer ($266). 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.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $210,959 |
| Participant (employee) contributions | $2,366,783 |
| Other contributions (incl. rollovers in) | $98,241 |
| Administrative expenses paid from the plan | $148,701 |
| Contract administrator fees | $80,198 |
| Investment advisory & management fees | $68,503 |
| Benefits paid out | $2,353,207 |
| Net assets, start / end of year | $35.9M / $40.6M |
| Active participants, start / end of year | 2,261 / 1,868 |
| Participants with account balances | 975 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $93,577 reported compensation |
| Deschutes Portfolio Strategies | $68,503 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014170930NAL0001688211001, received 2025-10-14, EIN 93-0993010, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.