MV Transportation, Inc. 401(k) Review & Grade
MV Transportation, Inc. 401(k) Plan
Dallas, TXTransportation & Warehousing6,664 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$116Employer $ per active participant
$966Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$41.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 8th |
| Employee saving | 10th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $194,824 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- MV Transportation put in about $116 per active participant, below the typical peer ($1,834). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.70% of assets) are well above similar-size plans (0.12%). 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 | $770,632 |
| Participant (employee) contributions | $6,436,033 |
| Other contributions (incl. rollovers in) | $982,241 |
| Administrative expenses paid from the plan | $268,190 |
| Investment advisory & management fees | $60,894 |
| Other admin expenses | $30,131 |
| Benefits paid out | $6,227,189 |
| Net assets, start / end of year | $35.4M / $41.2M |
| Active participants, start / end of year | 6,116 / 7,211 |
| Participants with account balances | 1,652 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $161,677 reported compensation |
| Creative Planning LLC | $44,440 reported compensation |
| Strategic Advisors, Inc. | $16,455 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014082608NAL0003371984001, received 2025-10-14, EIN 94-2491705, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.