MVT Holdings, LLC 401(k) Review & Grade
MVT 401k Plan
Las Cruces, NMTransportation & Warehousing2,744 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$732Employer $ per active participant
$1,302Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$39.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.2 / 5020th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 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 | 20th |
| Lower admin cost | 12th |
| Employee saving | 12th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,333 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- MVT Holdings put in about $732 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 (0.52% 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 | $2,007,242 |
| Participant (employee) contributions | $3,571,882 |
| Other contributions (incl. rollovers in) | $470,504 |
| Administrative expenses paid from the plan | $191,738 |
| Contract administrator fees | $27,400 |
| Investment advisory & management fees | $164,338 |
| Benefits paid out | $5,354,247 |
| Net assets, start / end of year | $34.1M / $39.1M |
| Active participants, start / end of year | 2,817 / 2,670 |
| Participants with account balances | 1,257 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Beasley, Mitchell & Co. |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $26,598 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014153939NAL0006629570001, received 2025-10-14, EIN 26-1875312, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.