Plan Ledger DOL Form 5500 · updated monthly

Mainfreight USA Partnership401(k)

MAINFREIGHT USA PARTNERSHIP 401(K) RETIREMENT PLAN · CARSON, CA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Mainfreight USA Partnership reported $212,520 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,569 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 has held roughly steady near 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,409th-largest of 9,483 plans among California employers on file, and the 321st of 2,677 in transportation & warehousing. In 2024, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$65,370,649
Participants with balances1,577
Active participants1,344
Employer contributions$2,109,078
Employee contributions$5,805,752
Employer contribution per active participant$1,569
Average account balance$41,453
Benefits paid to participants$5,324,820
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$65.4M · 1,577 accts · $2.1M emplr
2023$55.0M · 1,446 accts · $2.0M emplr
2022$44.8M · 1,503 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$212,520
Total administrative$212,520
The Mainfreight USA Partnership 401(k) match · 2024
Employer contribution per active participant$1,569
Median for plans this size$3,635
2024$1,569 per active participant
2023$1,701 per active participant
2022$1,379 per active participant

Mainfreight USA Partnership's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20243
ACTUARIAL BENEFITS CORP · Other services · Actuarial$23,818
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$12,572
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)indirect comp

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$212,520 · 0.35%
2023$188,503 · 0.38%
2022$171,504 · 0.36%
Same employer
Similar plansTransportation & Warehousing · California
Clay Lacy Aviation CA$76.7M · 0.22%
China Airlines, LTD CA$72.7M · 0.09%
Japan Airlines Co., LTD. CA$68.0M · 0.12%
Eva Airways Corp. CA$67.5M · 0.03%
Sankyo Holdings, Inc. CA$61.5M · 0.13%
Korean Air Lines Co., LTD CA$61.3M · 0.21%
Trapac, LLC CA$59.9M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980550250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.