M. H. Logistics Corporation 401(k) Review & Grade
M. H. Logistics Corporation 401(k) Retirement & Savings Plan
Peoria, ILTransportation & Warehousing940 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,671Employer $ per active participant
$7,443Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$114.9MNet plan assets, end of year
$97,194Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 82th |
| Employee saving | 89th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- M. H. Logistics put in about $3,671 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,452,556 |
| Participant (employee) contributions | $7,000,138 |
| Other contributions (incl. rollovers in) | $2,083,677 |
| Administrative expenses paid from the plan | $74,655 |
| Contract administrator fees | $74,655 |
| Benefits paid out | $12,467,622 |
| Net assets, start / end of year | $99.8M / $114.9M |
| Active participants, start / end of year | 935 / 946 |
| Participants with account balances | 1,182 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $202,337 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730090354NAL0004418609001, received 2025-07-30, EIN 37-1401792, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.