Plan Ledger DOL Form 5500 · updated monthly

Mshc Inc. dba Service Logic401(k)

SERVICE LOGIC 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Mshc Inc. dba Service Logic reported $299,781 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $2,183 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 0.156%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 110th-largest of 2,005 plans among North Carolina employers on file, and the 299th of 5,337 in construction. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has grown from 1,676 to 3,341 since 2022.

Plan summary
Net assets, end of year$225,923,610
Participants with balances3,236
Active participants3,341
Employer contributions$7,293,638
Employee contributions$19,500,737
Employer contribution per active participant$2,183
Average account balance$69,816
Benefits paid to participants$15,272,836
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$225.9M · 3,236 accts · $7.3M emplr
2023$157.9M · 2,004 accts · $4.5M emplr
2022$98.0M · 1,818 accts · $3.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$197,858
Investment management$32,807
Audit (IQPA)$69,116
Total administrative$299,781
The Mshc Inc. dba Service Logic 401(k) match · 2024
Employer contribution per active participant$2,183
Median for plans this size$3,635
2024$2,183 per active participant
2023$2,458 per active participant
2022$2,091 per active participant

Mshc Inc. dba Service Logic's 2024 employer contribution ran below the $3,635 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$197,858
BDO USA LLP · Accounting / audit$69,116
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$32,807

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$299,781 · 0.16%
2023$133,236 · 0.10%
2022$160,342 · 0.16%
Same employer
Similar plansConstruction · North Carolina
Pike Enterprises LLC NC$358.9M · 0.12%
Precision Walls, Inc. NC$140.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205277888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.