Micro Electronics, Inc. 401(k) Review & Grade
Micro Electronics, Inc. 401(k) Savings Plan
Hilliard, OHRetail Trade2,526 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$195Employer $ per active participant
$1,073Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$36.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 29th |
| Employee saving | 24th |
| Peers that auto-enroll | 42% |
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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
- Micro Electronics put in about $195 per active participant, below the typical peer ($650). 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 (0.24% of assets) are well above similar-size plans (0.12%). 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 | $491,411 |
| Participant (employee) contributions | $2,711,488 |
| Other contributions (incl. rollovers in) | $412,394 |
| Administrative expenses paid from the plan | $83,649 |
| Contract administrator fees | $16,153 |
| Investment advisory & management fees | $24,318 |
| Benefits paid out | $4,601,214 |
| Net assets, start / end of year | $32.6M / $36.7M |
| Active participants, start / end of year | 2,278 / 2,774 |
| Participants with account balances | 726 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blue & Co. LLC |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $31,944 reported compensation |
| Newport Group, Inc. | $28,720 reported compensation |
| John Hancock | $16,153 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013154649NAL0003531890001, received 2025-10-13, EIN 31-1251545, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.