Plan Ledger DOL Form 5500 · updated monthly

Frank Mayborn Enterprises, IncProfit-sharing plan

MAYBORN ENTERPRISES THRIFT INCENTIVE PLAN AND TRUST · TEMPLE, TX · plan year 2023

Reported admin expense ratio · 2023
1.25%

Frank Mayborn Enterprises, Inc reported $30,450 in plan administrative expenses for 2023: 1.25% of average plan assets, higher than ~90% of peers. 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.

Across the 2 years on file its reported administrative ratio fell from 2.35% to 1.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Texas (4,729th of 5,688), and 2,063rd of 2,199 in information & media. active participation has grown from 54 to 82 since 2022.

Plan summary
Net assets, end of year$2,539,613
Participants with balances67
Active participants82
Employer contributions—
Employee contributions$55,148
Employer contribution per active participant—
Average account balance$37,905
Benefits paid to participants$45,788
Plan auditUnmodified (clean) audit opinion
AuditorLUDWICK,MONTGOMERY,& STAPP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 62 accts
2023$2.5M · 67 accts
2022$2.3M · 76 accts · $50K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,910
Audit (IQPA)$10,540
Total administrative$30,450
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JULY BUSINESS SERVICES · Recordkeeping$7,653
EXTRACO BANKS · Trustee$12,257
LUDWICK, MONTGOMERY,& STAPP, P.C. · Accounting / audit$10,540

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024July Business Services
2023July Business Services

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$30,572 · 1.28%
2023$30,450 · 1.25%
2022$62,646 · 2.35%
Similar plansInformation & Media · Texas
Tachus Operating LLC TX$3.2M · 0.20%
Verge Mobile LLC TX$2.8M · 1.39%
Godish.com, LLC TX$2.8M · 0.47%
Fyi Television, Inc. TX$2.1M · 1.24%
Brycomm, LLC TX$2.0M · 1.40%
Vivial Media LLC TX$1.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742008402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.