Plan Ledger DOL Form 5500 · updated monthly

Ims Logistics, LLC401(k)

IMS LOGISTICS 401(K) EMPLOYEE RETIREMENT PLAN · CANTON, MS · plan year 2021

Reported admin expense ratio · 2021
1.12%

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

Ims Logistics, LLC reported $9,845 in plan administrative expenses for 2021: 1.12% of average plan assets, above the peer median. Employer contributions averaged $96 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 3 years on file its reported administrative ratio fell from 2.51% to 1.25%. The plan sits in the under $1M size bracket, benchmarked here against 93 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Mississippi (351st of 367), and 13,303rd of 13,661 in manufacturing. In 2021, employees put in $2.85 for every $1.00 the employer contributed; active participation has shrunk from 104 to 89 since 2020.

Plan summary
Net assets, end of year$929,880
Participants with balances131
Active participants89
Employer contributions$8,502
Employee contributions$24,231
Employer contribution per active participant$96
Average account balance$7,098
Benefits paid to participants$40,853
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2023$689K · 93 accts · $5K emplr
2022$731K · 102 accts · $6K emplr
2021$930K · 131 accts · $9K emplr
2020$835K · 158 accts · $16K emplr
Administrative expenses, itemized · 2021
Recordkeeping & contract admin$9,845
Total administrative$9,845
The Ims Logistics, LLC 401(k) match · 2021
Employer contribution per active participant$96
Median for plans this size$275
2023$30 per active participant
2022$61 per active participant
2021$96 per active participant
2020$151 per active participant

Ims Logistics, LLC's 2021 employer contribution ran below the $275 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.

What these fees cost you

Annual cost at the plan's reported 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history4
2023$8,896 · 1.25%
2022$9,274 · 1.12%
2021$9,845 · 1.12%
2020$19,960 · 2.51%
Similar plansManufacturing · Mississippi
Max Home, LLC MS$2.2M · 0.88%
Warmkraft, Inc. MS$1.5M · 2.04%
Natureplex, LLC MS$575K · 1.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462508273 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.