Retirement plan

MESA SYSTEMS, INC. 401(K) PLAN

Name: MESA SYSTEMS, INC. - MESA SYSTEMS, INC. 401(K) PLAN (2019) Form 5500
Creator: MESA SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MESA SYSTEMS, INC. 401(K) PLAN, MESA SYSTEMS, INC.

MESA SYSTEMS, INC.EIN 84-1315659Plan #003PY 2019

681 RAILROAD BLVD. - GRAND JUNCTION, CO 81505801-974-7836mesasystemsinc.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.9M

+44.4% from 2018

Total participants

412

+9.9% from 2018

Average account balance

$18,734

+42.6% from 2018

Annual return

41.54%

+47.39 pp from 2018

Benchmarks

See 708 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort708 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.20M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

283

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$855K

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

+43.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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 3 by compensation

Provider	Service type	Compensation
ALLIANCE BENEFIT GROUP1 year Filed as: ALLIANCE BENEFIT GROUP - ROCKY MTN Service code 15 · EIN 87-0364490 7090 SOUTH UNION PARK AVE · SALT LAKE CITY, UT 84047	Recordkeeping	$17,347
ALLIANCE BENEFIT GROUP1 year Filed as: ABG CONSULTANTS Service code 27 · EIN 20-0828323 7090 SOUTH UNION PARK AVENUE · SALT LAKE CITY, UT 84047	Advisory (Plan)	$11,570
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$85 / participant

Contract admin$12K40.0%
Other / not subdivided$17K60.0%

% of EOY assets

0.487%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DALBY, WENDLAND & CO. P.C.
Auditor EIN: 840795096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,734

$46,423-59.6%

$75,901-75.3%

$67,579-72.3%

Participation rate

72.2%

63.1%+9.2pp

69.3%+2.9pp

71.3%+0.9pp

Annual return

41.54%

32.29%+9.2pp

30.76%+10.8pp

378.56%-337.0pp

Employer contribution / active EE

$348

$1,406-75.3%

$2,501-86.1%

$2,148-83.8%

Participant deferral / active EE

$1,878

$2,564-26.8%

$3,603-47.9%

$3,539-46.9%

Admin fee / account holder

$91

$132-30.8%

$5,420-98.3%

$142-35.9%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP1 year

Filed as: ALLIANCE BENEFIT GROUP - ROCKY MTN

Service code 15 · EIN 87-0364490

7090 SOUTH UNION PARK AVE · SALT LAKE CITY, UT 84047

Recordkeeping

$17,347

ALLIANCE BENEFIT GROUP1 year

Filed as: ABG CONSULTANTS

Service code 27 · EIN 20-0828323

7090 SOUTH UNION PARK AVENUE · SALT LAKE CITY, UT 84047

Advisory (Plan)

$11,570

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

MESA SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MESA SYSTEMS, 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