Plan Ledger DOL Form 5500 · updated monthly

Mitsubishi Logisnext Americas (Houston) Inc.401(k)

MITSUBISHI LOGISNEXT AMERICAS 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Mitsubishi Logisnext Americas (Houston) Inc. reported $319,944 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $5,607 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 0.05% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 314th-largest of 5,688 plans among Texas employers on file, and the 917th of 13,661 in manufacturing. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$274,640,964
Participants with balances2,044
Active participants1,644
Employer contributions$9,218,211
Employee contributions$12,169,527
Employer contribution per active participant$5,607
Average account balance$134,364
Benefits paid to participants$20,939,474
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$274.6M · 2,044 accts · $9.2M emplr
2023$237.9M · 2,145 accts · $8.6M emplr
2022$197.3M · 1,975 accts · $7.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$226,518
Investment management$67,126
Audit (IQPA)$26,300
Total administrative$319,944
The Mitsubishi Logisnext Americas (Houston) Inc. 401(k) match · 2024
Employer contribution per active participant$5,607
Median for plans this size$4,294
2024$5,607 per active participant
2023$4,860 per active participant
2022$4,604 per active participant

Mitsubishi Logisnext Americas (Houston) Inc.'s 2024 employer contribution ran above the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$226,518
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$67,126
FORVIS, LLP · Accounting / audit$26,300

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$319,944 · 0.12%
2023$253,131 · 0.12%
2022$106,007 · 0.05%
Same employer
Similar plansManufacturing · Texas
Airborn, Inc. TX$291.1M · 0.05%
Shpp US LLC TX$288.5M · 0.01%
Lhoist North America, Inc. TX$281.3M · 0.14%
J B Poindexter & Co TX$275.3M · 0.22%
Shintech Incorporated TX$268.0M · 0.10%
Silicon Laboratories Inc. TX$265.2M · 0.07%
Lhoist North America, Inc. TX$260.0M · 0.14%
Livanova USA, Inc. TX$257.4M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341710051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.