Plan Ledger DOL Form 5500 · updated monthly

Makeready LLC401(k)

MAKEREADY 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Makeready LLC reported $96,323 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,135 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 2 years on file its reported administrative ratio fell from 0.75% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 2,378th-largest of 5,688 plans among Texas employers on file, and the 391st of 2,240 in accommodation & food services. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 754 to 1,017 since 2022.

Plan summary
Net assets, end of year$15,506,328
Participants with balances439
Active participants1,017
Employer contributions$1,154,778
Employee contributions$1,957,382
Employer contribution per active participant$1,135
Average account balance$35,322
Benefits paid to participants$1,607,467
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 439 accts · $1.2M emplr
2023$12.2M · 391 accts · $982K emplr
2022$8.2M · 340 accts · $802K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,181
Investment management$35,142
Total administrative$96,323
The Makeready LLC 401(k) match · 2024
Employer contribution per active participant$1,135
Median for plans this size$2,416
2024$1,135 per active participant
2023$1,067 per active participant
2022$1,064 per active participant

Makeready LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$5,782
THE SIEKMANN COMPANY · Investment advisory (participants)$35,002

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$96,323 · 0.70%
2023$89,372 · 0.88%
2022$60,000 · 0.75%
Same employer
Similar plansAccommodation & Food Services · Texas
Carrabba's TX$17.7M · 0.12%
Chuy's Opco, Inc. TX$17.5M · 0.56%
Spb Hospitality LLC TX$15.9M · 0.97%
Otb Acquisition LLC TX$13.5M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364825662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.