Plan Ledger DOL Form 5500 · updated monthly

Ma Federal, Inc. dba Igov.com401(k)

IGOV 401(K) PLAN · RESTON, VA · plan year 2022

Reported admin expense ratio · 2022
0.25%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Ma Federal, Inc. dba Igov.com reported $37,338 in plan administrative expenses for 2022: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,572 per active participant. 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 $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,285th of 2,266), and 7,075th of 11,654 in professional & technical services. In 2022, employees put in $2.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,057,304
Participants with balances93
Active participants64
Employer contributions$292,623
Employee contributions$733,141
Employer contribution per active participant$4,572
Average account balance$140,401
Benefits paid to participants$1,970,958
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$37,338
Total administrative$37,338
The Ma Federal, Inc. dba Igov.com 401(k) match · 2022
Employer contribution per active participant$4,572
Median for plans this size$2,266

Ma Federal, Inc. dba Igov.com's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

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$37,338 · 0.25%
Similar plansProfessional & Technical Services · Virginia
Interimage, Inc. VA$13.2M · 0.66%
Bluesight, Inc. VA$13.2M · 0.36%
McChrystal Group LLC VA$13.2M · 0.53%
Edgesource Corporation VA$13.0M · 0.40%
Eagle Technologies, Inc. VA$12.8M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541802233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.