Mshc Inc. DBA Service Logic 401(k) Review & Grade
Service Logic 401(k) Plan
Charlotte, NCConstruction2,582 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,825Employer $ per active participant
$7,553Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$225.9MNet plan assets, end of year
$69,816Average balance per account
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 42th |
| Employee saving | 73th |
| Peers that auto-enroll | 57% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($83,381 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Mshc Inc. DBA Service Logic put in about $2,825 per active participant, more than the typical peer ($1,965). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $7,293,638 |
| Participant (employee) contributions | $19,500,737 |
| Other contributions (incl. rollovers in) | $3,629,212 |
| Administrative expenses paid from the plan | $299,781 |
| Investment advisory & management fees | $32,807 |
| Benefits paid out | $15,272,836 |
| Net assets, start / end of year | $157.9M / $225.9M |
| Active participants, start / end of year | 1,823 / 3,341 |
| Participants with account balances | 3,236 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $197,858 reported compensation |
| Bdo USA LLP | $69,116 reported compensation |
| Strategic Advisors, Inc. | $32,807 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015065758NAL0003944449001, received 2025-10-15, EIN 20-5277888, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.