The Myers Group, LLC 401(k) Review & Grade
The Myers Group Retirement Plan
Clinton, WARetail Trade651 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$289Employer $ per active participant
$855Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$12.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th 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 score9 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 24th |
| Employee saving | 12th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,205 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
- Myers Group put in about $289 per active participant, below the typical peer ($743). 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 (0.49% 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.
- 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 | $187,921 |
| Participant (employee) contributions | $556,921 |
| Other contributions (incl. rollovers in) | $61,783 |
| Administrative expenses paid from the plan | $58,588 |
| Investment advisory & management fees | $34,789 |
| Benefits paid out | $671,516 |
| Net assets, start / end of year | $10.9M / $12.9M |
| Active participants, start / end of year | 648 / 654 |
| Participants with account balances | 203 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| American Northwest Advisory Service | $34,789 reported compensation |
| American Northwest RPS | $18,073 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260121134412NAL0004332529001, received 2026-01-21, EIN 26-0856416, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.