Retirement plan

MESH LOGISTICS, INC. RETIREMENT PLAN

Name: MESH LOGISTICS, INC. - MESH LOGISTICS, INC. RETIREMENT PLAN (2023) Form 5500
Creator: MESH LOGISTICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MESH LOGISTICS, INC. RETIREMENT PLAN, MESH LOGISTICS, INC.

MESH LOGISTICS, INC.EIN 46-0863171Plan #001PY 2023

2101 E. VIA ARADO - RANCHO DOMINGUEZ, CA 90220310-254-0371meshlogistics.comLinkedIn11-50 employeeslogistics and supply chain

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.2M

+54.9% from 2022

Total participants

199

-15.0% from 2022

Average account balance

$6,188

+83.1% from 2022

Annual return

20.40%

+42.68 pp from 2022

Benchmarks

See 6,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

197

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$388K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$16K

$80 / participant

Contract admin$16K100.0%

% of EOY assets

1.272%

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: PATRICK HARPER CPA INC
Auditor EIN: 384232173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,188

$91,424-93.2%

$135,942-95.4%

$71,495-91.3%

Participation rate

99.5%

75.7%+23.8pp

81.9%+17.6pp

67.9%+31.6pp

Annual return

20.40%

29.90%-9.5pp

68.28%-47.9pp

28.85%-8.5pp

Employer contribution / active EE

$1,638

$3,704-55.8%

$4,858-66.3%

$2,589-36.7%

Participant deferral / active EE

$198

$7,092-97.2%

$7,759-97.4%

$4,291-95.4%

Admin fee / account holder

$79

$1,266-93.8%

$10,764-99.3%

$1,588-95.0%

MESH LOGISTICS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MESH LOGISTICS, INC. RETIREMENT 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