Mitratech Holdings, Inc. 401(k) Review & Grade
Mitratech 401(k) Savings Plan
Bee Cave, TXProfessional, Scientific & Technical Services883 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,361Employer $ per active participant
$10,233Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$75.5MNet plan assets, end of year
$59,669Average balance per account
Score breakdown
- Employer generosity27.8 / 5056th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 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 | 56th |
| Lower admin cost | 59th |
| Employee saving | 61th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,049 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mitratech Holdings put in about $3,361 per active participant, more than the typical peer ($3,082). 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.
- 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 | $2,967,835 |
| Participant (employee) contributions | $9,035,649 |
| Other contributions (incl. rollovers in) | $16,216,002 |
| Administrative expenses paid from the plan | $105,519 |
| Investment advisory & management fees | $27,554 |
| Benefits paid out | $8,268,172 |
| Net assets, start / end of year | $47.5M / $75.5M |
| Active participants, start / end of year | 698 / 1,068 |
| Participants with account balances | 1,265 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $77,965 reported compensation |
| Strategic Advisors, Inc. | $27,554 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010093542NAL0004466515001, received 2025-10-10, EIN 74-3025949, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.