Plan Ledger DOL Form 5500 · updated monthly

Marborg Industries401(k)

MARBORG INDUSTRIES 401(K) PLAN · SANTA BARBARA, CA · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Marborg Industries reported $60,144 in plan administrative expenses for 2023: 0.09% of average plan assets, below the peer median. Employer contributions averaged $5,884 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 fell from 0.11% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,284th-largest of 9,483 plans among California employers on file, and the 220th of 2,534 in administrative & support services. In 2023, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$73,217,099
Participants with balances412
Active participants390
Employer contributions$2,294,834
Employee contributions$2,274,733
Employer contribution per active participant$5,884
Average account balance$177,711
Benefits paid to participants$4,915,422
Plan auditUnmodified (clean) audit opinion
AuditorBARTLETT, PRINGLE, & WOLF, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$73.2M · 412 accts · $2.3M emplr
2022$57.2M · 380 accts · $2.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$60,144
Total administrative$60,144
The Marborg Industries 401(k) match · 2023
Employer contribution per active participant$5,884
Median for plans this size$3,659
2023$5,884 per active participant
2022$6,020 per active participant

Marborg Industries's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232

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$60,144 · 0.09%
2022$61,507 · 0.11%
Same employer
Similar plansAdministrative & Support Services · California
Appleone, Inc. CA$74.9M · 0.30%
Asgn Incorporated. CA$74.1M · 0.18%
Asics America Corporation CA$73.6M · 0.27%
Epic Staffing Group, Inc. CA$72.0M · 0.34%
Viking River Cruises, Inc. CA$68.2M · 0.10%
Eventbrite, Inc. CA$67.6M · 0.08%
Staffpay, Inc. CA$66.3M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952884838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.