Retirement plan

MESA SYSTEMS, INC. 401(K) PLAN

Name: MESA SYSTEMS, INC. - MESA SYSTEMS, INC. 401(K) PLAN (2021) 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 2021

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

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.2M

+21.4% from 2020

Total participants

363

+15.6% from 2020

Average account balance

$24,961

-4.6% from 2020

Annual return

16.69%

+3.57 pp from 2020

Benchmarks

See 632 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort632 peers

Snapshot2021

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ALLIANCE BENEFIT GROUP3 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	$22,847
ALLIANCE BENEFIT GROUP3 years Filed as: ABG CONSULTANTS Service code 27 · EIN 20-0828323 7090 SOUTH UNION PARK AVENUE · SALT LAKE CITY, UT 84047	Advisory (Plan)	$12,384

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$138 / participant

Investment mgmt$12K35.2%
Other / not subdivided$23K64.8%

% of EOY assets

0.432%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,961

$58,347-57.2%

$85,693-70.9%

$86,813-71.2%

Participation rate

85.9%

64.9%+21.0pp

69.9%+16.1pp

72.3%+13.6pp

Annual return

16.69%

18.43%-1.7pp

21.49%-4.8pp

97.93%-81.2pp

Employer contribution / active EE

$270

$1,751-84.6%

$2,618-89.7%

$2,406-88.8%

Participant deferral / active EE

$2,716

$3,065-11.4%

$3,923-30.8%

$4,131-34.3%

Admin fee / account holder

$108

$147-26.9%

$6,874-98.4%

$170-36.5%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP3 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

$22,847

ALLIANCE BENEFIT GROUP3 years

Filed as: ABG CONSULTANTS

Service code 27 · EIN 20-0828323

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

Advisory (Plan)

$12,384

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