Midway Importing 401(k) match, vesting and fees
What Midway Importing's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch Pierce Fenner & Smith | 2023 Schedule C ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 33,160 defined-contribution plans in wholesale trade with fewer than 100 participants.
| Midway Importing: employer contribution per participant | $3,260 | |
| Peer median | $2,314 |
| Midway Importing: average balance | $113,120 | |
| Peer median | $76,922 |
| Midway Importing: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.42% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $8.4M at the end of plan year 2021 to $10.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 269 | $10.4M | $300K | $3,260 | 0.27% | Not published | 5500-SF ↗ |
| 2023 | 252 | $9M | $264K | $2,938 | 0.26% | Not published | Form 5500 ↗ |
| 2022 | 239 | $7.3M | $255K | $2,898 | 0.28% | Not published | Form 5500 ↗ |
| 2021 | 220 | $8.4M | $240K | $2,670 | 0.25% | Not published | Form 5500 ↗ |
Common questions
Does Midway Importing match 401(k) contributions?
The match terms for the Midway Importing, Inc 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $300K in employer contributions, about $3,260 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Midway Importing 401(k) match vested?
The vesting schedule for the Midway Importing, Inc 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Midway Importing 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Merrill Lynch Pierce Fenner & Smith. The plan administrator is Midway Importing, Inc.
I left Midway Importing. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Midway Importing, Inc, (713) 802-9363) or the recordkeeper, Merrill Lynch Pierce Fenner & Smith. The Midway Importing old 401(k) page lists the contacts from every plan filing. Find an old Midway Importing 401(k)
Data from the public Form 5500 annual reports Midway Importing filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Midway Importing. Not financial advice. Report a correction · Methodology