Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Mfow Supplemental Pension TrustMoney purchase plan

MFOW MONEY PURCHASE PENSION PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.64%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees of the Mfow Supplemental Pension Trust reported $259,308 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,077 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.60% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 2,058th-largest of 9,483 plans among California employers on file, and the 429th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$41,723,871
Participants with balances0
Active participants319
Employer contributions$1,938,423
Employee contributions—
Employer contribution per active participant$6,077
Average account balance—
Benefits paid to participants$1,629,002
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.7M · $1.9M emplr
2023$38.7M · 652 accts · $1.8M emplr
2022$36.7M · 646 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,986
Investment management$87,966
Audit (IQPA)$18,909
Trustee / custodial$2,034
Total administrative$259,308
Employer contributions to the Board of Trustees of the Mfow Supplemental Pension Trust plan · 2024
Employer contribution per active participant$6,077
Median for plans this size$2,416
2024$6,077 per active participant
2023$5,690 per active participant
2022$5,105 per active participant

Board of Trustees of the Mfow Supplemental Pension Trust's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
BENESYS, INC. · Contract administrator$71,896
DODGE & COX · Investment management$60,058
US BANK · Custodial (securities)$27,908
WITHUMSMITH+BROWN, PC · Accounting / audit$18,909
STEPHEN HORN INSURANCE$12,174
M.F.O.W. WELFARE FUND · Contract administrator$9,002
TRUCKER HUSS, APC · Legal$7,717
LEONARD CARDER, LLP · Legal$6,316

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$259,308 · 0.64%
2023$233,323 · 0.62%
2022$228,586 · 0.60%
Similar plansTransportation & Warehousing · California
Relativity Space, Inc. CA$46.8M · 0.09%
Hawaii Stevedores, Inc. CA$45.5M · 0.06%
Ernest Packaging CA$45.0M · 0.29%
Dart Warehouse Corporation CA$40.4M · 0.24%
Glovis America, Inc. CA$38.8M · 0.59%
Williams Tank Lines, LLC CA$37.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 946201677 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.