Mainfreight USA Partnership 401(k) Review & Grade
Mainfreight USA Partnership 401(k) Retirement Plan
Carson, CATransportation & Warehousing1,321 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,597Employer $ per active participant
$4,395Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$65.4MNet plan assets, end of year
$41,453Average balance per account
Score breakdown
- Employer generosity31.8 / 5064th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 35th |
| Employee saving | 68th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Mainfreight USA Partnership put in about $1,597 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,109,078 |
| Participant (employee) contributions | $5,805,752 |
| Other contributions (incl. rollovers in) | $42,280 |
| Administrative expenses paid from the plan | $212,520 |
| Contract administrator fees | $212,520 |
| Benefits paid out | $5,324,820 |
| Net assets, start / end of year | $55.0M / $65.4M |
| Active participants, start / end of year | 1,298 / 1,344 |
| Participants with account balances | 1,577 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmith+brown, PC |
Largest service providers (Schedule C)
| Actuarial Benefits Corp | $51,922 reported compensation |
| Voya Retirement Advisors, LLC | $12,572 reported compensation |
| Voya Retirement Insurance & Annuity | $126 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010170533NAL0008047793001, received 2025-10-10, EIN 98-0550250, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.