Murphy Family Ventures, LLC 401(k) Review & Grade
Murphy Family Ventures, LLC 401(k) Plan
Wallace, NCManagement of Companies630 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$679Employer $ per active participant
$1,881Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$32.5MNet plan assets, end of year
$73,550Average balance per account
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 43th |
| Employee saving | 13th |
| Peers that auto-enroll | 58% |
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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
- Murphy Family Ventures put in about $679 per active participant, below the typical peer ($2,492). 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.
- 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 | $427,736 |
| Participant (employee) contributions | $1,185,019 |
| Other contributions (incl. rollovers in) | $231,662 |
| Administrative expenses paid from the plan | $86,907 |
| Contract administrator fees | $10,888 |
| Investment advisory & management fees | $29,258 |
| Benefits paid out | $2,115,119 |
| Net assets, start / end of year | $29.1M / $32.5M |
| Active participants, start / end of year | 393 / 867 |
| Participants with account balances | 442 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Thomas Judy & Tucker, PA |
Largest service providers (Schedule C)
| Fidelity Workplace Services, LLC | $57,649 reported compensation |
| Franklin Street Advisors | $29,258 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014053644NAL0003202688001, received 2025-10-14, EIN 03-0542650, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.