Plan Ledger DOL Form 5500 · updated monthly

Bms Logistics, Inc.401(k)

BMS LOGISTICS, INC. 401(K) PLAN · ST JOSEPH, MO · plan year 2024

Employer contribution per participant · 2024
$1,002

Bms Logistics, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $6,398,306 across 137 participant accounts, with employer contributions averaging $1,002 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Missouri (1,011th of 1,393), and 10,476th of 13,661 in manufacturing. In 2024, employees put in $1.20 for every $1.00 the employer contributed; active participation has grown from 291 to 345 since 2022.

Plan summary
Net assets, end of year$6,398,306
Participants with balances137
Active participants345
Employer contributions$345,744
Employee contributions$416,408
Employer contribution per active participant$1,002
Average account balance$46,703
Benefits paid to participants$170,229
Plan auditUnmodified (clean) audit opinion
AuditorVARNEY & ASSOCIATES, CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 137 accts · $346K emplr
2023$5.1M · 119 accts · $306K emplr
2022$4.8M · 114 accts · $293K emplr
The Bms Logistics, Inc. 401(k) match · 2024
Employer contribution per active participant$1,002
Median for plans this size$1,313
2024$1,002 per active participant
2023$1,031 per active participant
2022$1,008 per active participant

Bms Logistics, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 205740772 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.