Retirement plan

MURPHY LOGISTICS SOLUTIONS, INC. 401(K) PLAN

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

MURPHY LOGISTICS SOLUTIONS, INC.EIN 83-1879881Plan #001PY 2024

345 PLATO BOULEVARD E - SAINT PAUL, MN 55107612-623-1200murphylogistics.comLinkedIn201-500 employeeslogistics and supply chain

Other plans on this EIN

1 filing

#003Retirement-$6.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.6M

+16.8% from 2023

Total participants

+3.9% from 2023

Average account balance

$139,231

+16.8% from 2023

Annual return

13.20%

-7.76 pp from 2023

Benchmarks

See 1,281 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort1,281 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.58M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

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.

113.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$624K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4339

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

0 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 codes2E2F2G2J2T3B3D3H

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$330K

$4922 / participant

Other / not subdivided$330K100.0%

% of EOY assets

3.116%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,231

$25,014+456.6%

$69,460+100.4%

$80,911+72.1%

Participation rate

95.5%

64.2%+31.3pp

66.4%+29.1pp

67.6%+27.9pp

Annual return

13.20%

19.08%-5.9pp

100.80%-87.6pp

35.63%-22.4pp

Employer contribution / active EE

$2,621

$991+164.4%

$1,714+52.9%

$2,756-4.9%

Participant deferral / active EE

$6,696

$1,839+264.0%

$2,890+131.7%

$4,297+55.8%

Admin fee / account holder

$4,339

$2,491+74.2%

$4,695-7.6%

$6,935-37.4%

MURPHY LOGISTICS SOLUTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURPHY LOGISTICS SOLUTIONS, INC. 401(K) 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