Mdbs, Inc. Hourly 401(k) Review & Grade
Mdbs Hourly 401(k) Plan
Aurora, ILAccommodation & Food Services1,085 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,071Employer $ per active participant
$224Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$8.8MNet plan assets, end of year
$7,809Average balance per account
Score breakdown
- Employer generosity47.9 / 5096th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 12th |
| Employee saving | 13th |
| Peers that auto-enroll | 17% |
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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
- Mdbs, Inc. Hourly put in about $2,071 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (0.73% 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 | $2,247,274 |
| Participant (employee) contributions | $243,402 |
| Other contributions (incl. rollovers in) | $3,671 |
| Administrative expenses paid from the plan | $57,458 |
| Contract administrator fees | $57,458 |
| Benefits paid out | $1,471,655 |
| Net assets, start / end of year | $7.1M / $8.8M |
| Active participants, start / end of year | 1,319 / 851 |
| Participants with account balances | 1,121 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $137,241 reported compensation |
| Experiential Wealth, Inc. | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002092323NAL0000239217001, received 2025-10-02, EIN 95-4598949, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.