Plan Ledger DOL Form 5500 · updated monthly

Manhattan Capital Corporation401(k)

IRISH 401(K) RETIREMENT PLAN · ROSEMEAD, CA · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Manhattan Capital Corporation reported $15,488 in plan administrative expenses for 2023: 0.15% of average plan assets, below the peer median. Employer contributions averaged $668 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 0.15% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in California (5,123rd of 9,483), and 545th of 786 in management of companies. In 2023, employees put in $6.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,342,914
Participants with balances203
Active participants155
Employer contributions$103,470
Employee contributions$705,740
Employer contribution per active participant$668
Average account balance$55,876
Benefits paid to participants$698,035
Plan auditUnmodified (clean) audit opinion
AuditorCHRIS T. BENNETT, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 182 accts · $96K emplr
2023$11.3M · 203 accts · $103K emplr
2022$9.6M · 171 accts · $118K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,988
Audit (IQPA)$7,500
Total administrative$15,488
The Manhattan Capital Corporation 401(k) match · 2023
Employer contribution per active participant$668
Median for plans this size$2,440
2024$619 per active participant
2023$668 per active participant
2022$815 per active participant

Manhattan Capital Corporation'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 · 20232
CHRIS T. BENNETT, CPA · Accounting / audit$7,500

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

Administrative cost history3
2024$15,556 · 0.14%
2023$15,488 · 0.15%
2022$15,442 · 0.15%
Similar plansManagement of Companies · California
Opm Services, LLC CA$13.0M · 0.50%
Friesen Group Inc. CA$13.0M · 0.03%
Cwr Industries, Inc. CA$12.6M · 0.03%
Alchemee, LLC CA$11.6M · 0.46%
Cfp Fire Protection, Inc. CA$10.4M · 0.22%
Campus Hollywood, Inc. CA$6.7M · 0.01%
R. W. Miner Corporation CA$5.9M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 956100902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.