Retirement plan

THE M & W LOGISTICS GROUP, INC. 401K PLAN

Name: THE M & W LOGISTICS GROUP, INC. - THE M & W LOGISTICS GROUP, INC. 401K PLAN (2024) Form 5500
Creator: THE M & W LOGISTICS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE M & W LOGISTICS GROUP, INC. 401K PLAN, THE M & W LOGISTICS GROUP, INC.

THE M & W LOGISTICS GROUP, INC.EIN 20-1823225Plan #001PY 2024

1110 PUMPING STATION ROAD - NASHVILLE, TN 372102219615-256-5755drivemw.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.6M

+8.2% from 2023

Total participants

191

-0.5% from 2023

Average account balance

$64,698

+9.1% from 2023

Annual return

11.38%

-4.28 pp from 2023

Benchmarks

See 1,225 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,225 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.63M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$65K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

118

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

59.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$764K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.38%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$546

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS8 years Filed as: TRANSAMERICA RETIRE SOLUTIONS LLC Service code 15 · EIN 13-3689044 4333 EDGEWOOD ROAD NE · CEDAR RAPIDS, IA 52499	Recordkeeping	$48,486
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 22	Insurance Broker	$14,413
ASCENSUS LLC8 years Filed as: ACCESS RETIREMENT SERVICES Service code 15 · EIN 62-1700633 190D SAUNDERSVILLE ROAD, SUITE 4004 · HENDERSONVILLE, TN 37075	Recordkeeping	$12,055
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0947998	Bank Trustee	$167
RAYMOND JAMES FINANCIAL SERVICES8 years Filed as: RAYMOND JAMES AND ASSC INC. Service code 22 · EIN 59-1199408 913 HARPETH VALLEY PLACE · NASHVILLE, TN 37221	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2J2K2F3D2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$64K

$358 / participant

Recordkeeping$64K100.0%

% of EOY assets

0.843%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARR, RIGGS AND INGRAM
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,698

$54,690+18.3%

$76,030-14.9%

$74,478-13.1%

Participation rate

59.4%

60.3%-0.9pp

69.1%-9.6pp

67.2%-7.8pp

Annual return

11.38%

31.92%-20.5pp

361.54%-350.2pp

1370.56%-1359.2pp

Employer contribution / active EE

$546

$1,781-69.3%

$2,688-79.7%

$2,626-79.2%

Participant deferral / active EE

$3,697

$3,070+20.4%

$4,257-13.2%

$4,350-15.0%

Admin fee / account holder

$546

$2,240-75.6%

$6,421-91.5%

$1,946-72.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8 years

Filed as: TRANSAMERICA RETIRE SOLUTIONS LLC

Service code 15 · EIN 13-3689044

4333 EDGEWOOD ROAD NE · CEDAR RAPIDS, IA 52499

Recordkeeping

$48,486

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 22

Insurance Broker

$14,413

ASCENSUS LLC8 years

Filed as: ACCESS RETIREMENT SERVICES

Service code 15 · EIN 62-1700633

190D SAUNDERSVILLE ROAD, SUITE 4004 · HENDERSONVILLE, TN 37075

Recordkeeping

$12,055

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0947998

Bank Trustee

$167

RAYMOND JAMES FINANCIAL SERVICES8 years

Filed as: RAYMOND JAMES AND ASSC INC.

Service code 22 · EIN 59-1199408

913 HARPETH VALLEY PLACE · NASHVILLE, TN 37221

Insurance Broker

THE M & W LOGISTICS GROUP, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE M & W LOGISTICS GROUP, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion