Plan Ledger DOL Form 5500 · updated monthly

Majorel USA, Inc.401(k)

MAJOREL USA, INC · VALENCIA, CA · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Majorel USA, Inc. reported $49,587 in plan administrative expenses for 2023: 0.42% of average plan assets, above the peer median. Employer contributions averaged $998 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.

Across the 1 year on file its reported administrative ratio rose from 0.26% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in California (4,819th of 9,483), and the 860th of 2,534 in administrative & support services. In 2023, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,752,832
Participants with balances956
Active participants676
Employer contributions$674,330
Employee contributions$1,467,731
Employer contribution per active participant$998
Average account balance$13,340
Benefits paid to participants$2,524,938
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$12.8M · 956 accts · $674K emplr
2022$10.7M · 1,814 accts · $671K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$47,299
Investment management$2,288
Total administrative$49,587
The Majorel USA, Inc. 401(k) match · 2023
Employer contribution per active participant$998
Median for plans this size$2,440
2023$998 per active participant
2022$513 per active participant

Majorel USA, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$47,299

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

Administrative cost history2
2023$49,587 · 0.42%
2022$30,088 · 0.26%
Same employer
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Drata Inc CA$13.3M · 0.11%
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Valmetal Tulare, Inc. CA$13.1M · 0.47%
Riviera Partners CA$12.9M · 0.19%
Fisher Holdings Inc CA$12.3M · 0.48%
Pacific Coast Termite, Inc. CA$12.2M · 0.38%
Surefox North America Corp. CA$11.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831003774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.