Retirement plan

MESA SYSTEMS, INC. 401(K) PLAN

Name: MESA SYSTEMS, INC. - MESA SYSTEMS, INC. 401(K) PLAN (2020) 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 2020

681 RAILROAD BLVD. - GRAND JUNCTION, CO 81505970-248-2401mesasystemsinc.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$6.7M

+13.2% from 2019

Total participants

314

-23.8% from 2019

Average account balance

$26,163

+39.7% from 2019

Annual return

13.13%

-28.41 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

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 GROUP2 years Filed as: ALLIANCE BENEFIT GROUP - ROCKY MTN Service code 15 · EIN 87-0364490 7090 SOUTH UNION PARK AVE · SALT LAKE CITY, UT 84047	Recordkeeping	$32,160
ALLIANCE BENEFIT GROUP2 years Filed as: ABG CONSULTANTS Service code 27 · EIN 20-0828323 7090 SOUTH UNION PARK AVENUE · SALT LAKE CITY, UT 84047	Advisory (Plan)	$8,874
CHARLES SCHWAB & CO., INC.2 years 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

$41K

$163 / participant

Investment mgmt$9K21.6%
Contract admin$32K78.4%

% of EOY assets

0.610%

all-in expense ratio

Categories reported

2 / 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

$26,163

$51,288-49.0%

$81,982-68.1%

$73,412-64.4%

Participation rate

77.4%

64.0%+13.4pp

69.3%+8.1pp

72.2%+5.2pp

Annual return

13.13%

29.48%-16.4pp

41.31%-28.2pp

59.30%-46.2pp

Employer contribution / active EE

$566

$1,487-61.9%

$2,498-77.3%

$2,234-74.7%

Participant deferral / active EE

$2,537

$2,715-6.6%

$3,722-31.8%

$3,806-33.3%

Admin fee / account holder

$160

$125+27.4%

$5,665-97.2%

$158+1.1%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2 years

Filed as: ALLIANCE BENEFIT GROUP - ROCKY MTN

Service code 15 · EIN 87-0364490

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

Recordkeeping

$32,160

ALLIANCE BENEFIT GROUP2 years

Filed as: ABG CONSULTANTS

Service code 27 · EIN 20-0828323

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

Advisory (Plan)

$8,874

CHARLES SCHWAB & CO., INC.2 years

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