Plan Ledger DOL Form 5500 · updated monthly

Manor Park, Inc.401(k)

MANOR PARK, INC. 401K PROFIT SHARING PLAN · MIDLAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Manor Park, Inc. reported $60,968 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $724 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 3 years on file its reported administrative ratio has held roughly steady near 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (3,320th of 5,688), and 6,284th of 11,911 in health care & social assistance. In 2024, employees put in $2.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,411,948
Participants with balances218
Active participants213
Employer contributions$154,192
Employee contributions$458,230
Employer contribution per active participant$724
Average account balance$38,587
Benefits paid to participants$1,191,086
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 218 accts · $154K emplr
2023$8.2M · 170 accts · $160K emplr
2022$7.4M · 178 accts · $153K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,968
Total administrative$60,968
The Manor Park, Inc. 401(k) match · 2024
Employer contribution per active participant$724
Median for plans this size$1,313
2024$724 per active participant
2023$1,117 per active participant
2022$653 per active participant

Manor Park, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$60,967
FROST BROKERAGE SERVICES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$60,968 · 0.74%
2023$66,181 · 0.85%
2022$57,694 · 0.77%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Ocusoft, Inc TX$8.5M · 0.61%
Cenikor Foundation TX$8.2M · 0.01%
Aids Arms, Inc. TX$8.2M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751227882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.