Plan Ledger DOL Form 5500 · updated monthly

Genesis Logistics Inc.401(k)

GENESIS LOGISTICS INC. UNION RETIREMENT PLAN · WESTERVILLE, OH · plan year 2022

Employer contribution per participant · 2022
$786

Genesis Logistics Inc.'s 2022 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 $5,150,517 across 157 participant accounts, with employer contributions averaging $786 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 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Ohio (2,520th of 3,295), and 1,610th of 2,677 in transportation & warehousing. In 2022, employees put in $2.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,150,517
Participants with balances157
Active participants324
Employer contributions$254,754
Employee contributions$718,933
Employer contribution per active participant$786
Average account balance$32,806
Benefits paid to participants$617,394
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$3.3M · 63 accts · $178K emplr
2022$5.2M · 157 accts · $255K emplr
The Genesis Logistics Inc. 401(k) match · 2022
Employer contribution per active participant$786
Median for plans this size$1,114
2023$1,918 per active participant
2022$786 per active participant

Genesis Logistics Inc.'s 2022 employer contribution ran below the $1,114 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 history2
2023$1,991 · 0.05%
2022Not separately reported
Similar plansTransportation & Warehousing · Ohio
Ease Logistics OH$6.1M · 0.70%
M.C. Tank Transport, Inc. OH$5.8M · 0.03%
Custom Assembly, Inc. OH$5.6M · 2.17%
Faro Services, Inc. OH$5.1M · 0.26%
Taylor Logistics, Inc. OH$5.0M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223590938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.