Mastery Logistics Systems, Inc. 401(k) Review & Grade
Mastery Logistics Systems, Inc. 401(k) Plan
Lake Forest, ILTransportation & Warehousing512 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,920Employer $ per active participant
$10,868Employee $ saved per active participant
0.99%Direct admin cost, % of plan assets
$36.5MNet plan assets, end of year
$66,717Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost1.6 / 257th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 7th |
| Employee saving | 96th |
| 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
- Mastery Logistics Systems put in about $4,920 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.
- Direct plan expenses (0.99% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,519,105 |
| Participant (employee) contributions | $5,564,559 |
| Other contributions (incl. rollovers in) | $916,347 |
| Administrative expenses paid from the plan | $303,222 |
| Investment advisory & management fees | $117,616 |
| Other admin expenses | $117,276 |
| Benefits paid out | $1,451,371 |
| Net assets, start / end of year | $24.5M / $36.5M |
| Active participants, start / end of year | 534 / 490 |
| Participants with account balances | 547 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hallowell 401(k) Assurance, LLC |
Largest service providers (Schedule C)
| Kestra Advisory Services | $117,616 reported compensation |
| Transamerica Financial Life Ins Co | $68,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917111548NAL0000214931001, received 2025-09-17, EIN 83-1185597, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.