Plan Ledger DOL Form 5500 · updated monthly

Benefit Hub, Inc.401(k)

MOTIVANO SAVINGS & INVESTMENT PLAN · TAMPA, FL · plan year 2022

Reported admin expense ratio · 2022
0.55%

Benefit Hub, Inc. reported $9,522 in plan administrative expenses for 2022: 0.55% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (3,190th of 3,644), and 11,005th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$1,664,386
Participants with balances55
Active participants128
Employer contributions—
Employee contributions$339,392
Employer contribution per active participant—
Average account balance$30,262
Benefits paid to participants$292,863
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,590
Investment management$3,966
Professional / advisory$3,966
Total administrative$9,522
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$9,522 · 0.55%
Same employer
Similar plansProfessional & Technical Services · Florida
Chiptech Inc FL$1.8M · 0.18%
Allstaff Payroll, Inc. FL$1.7M · 2.19%
Keeton Corrections, Inc. FL$1.7M · 1.27%
Acorn Health FL$1.6M · 1.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453689577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.