Mediterranean Shipping Company USA, Inc. 401(k) Review & Grade
MSC (USA) Holdings Retirement Plan
New York, NYTransportation & Warehousing1,532 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,200Employer $ per active participant
$7,848Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$188.4MNet plan assets, end of year
$87,983Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score96 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 98th |
| Employee saving | 91th |
| 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
- Mediterranean Shipping Company USA put in about $6,200 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.
- 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.
- 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 | $9,494,864 |
| Participant (employee) contributions | $12,018,507 |
| Other contributions (incl. rollovers in) | $821,797 |
| Administrative expenses paid from the plan | $16,158 |
| Other admin expenses | $16,158 |
| Benefits paid out | $8,512,911 |
| Net assets, start / end of year | $153.5M / $188.4M |
| Active participants, start / end of year | 1,489 / 1,574 |
| Participants with account balances | 2,141 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Citrin Cooperman & Company LLP |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $23,180 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090520NAL0004139969001, received 2025-10-15, EIN 13-2696410, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.