MNS, LTD. 401(k) Review & Grade
MNS, LTD. Profit-Sharing Plan · d/b/a Abc Stores
Honolulu, HIRetail Trade1,902 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,229Employer $ per active participant
$3,871Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$264.1MNet plan assets, end of year
$148,808Average balance per account
Score breakdown
- Employer generosity44.0 / 5088th percentile for employer $ per participant
- Low cost9.1 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 37th |
| Employee saving | 63th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,493 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- MNS put in about $2,229 per active participant, more than the typical peer ($743). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,241,341 |
| Participant (employee) contributions | $7,363,668 |
| Other contributions (incl. rollovers in) | $49,772 |
| Administrative expenses paid from the plan | $840,413 |
| Contract administrator fees | $354,555 |
| Investment advisory & management fees | $473,210 |
| Other admin expenses | $12,648 |
| Benefits paid out | $18,027,989 |
| Net assets, start / end of year | $236.2M / $264.1M |
| Active participants, start / end of year | 1,856 / 1,949 |
| Participants with account balances | 1,775 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Accuity, LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $354,555 reported compensation |
| The London Company | $129,755 reported compensation |
| Gamco Asset Management Inc. | $95,411 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010211103NAL0004906851001, received 2025-10-10, EIN 71-1007574, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.