Plan Ledger DOL Form 5500 · updated monthly

Marketing Evolution Inc.401(k)

MARKETING EVOLUTION 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.69%

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

Marketing Evolution Inc. reported $37,580 in plan administrative expenses for 2023: 0.69% of average plan assets, above the peer median. Employer contributions averaged $2,406 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 has held roughly steady near 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,369th of 5,648), and 9,570th of 11,654 in professional & technical services. In 2023, employees put in $3.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,560,711
Participants with balances87
Active participants29
Employer contributions$69,761
Employee contributions$262,734
Employer contribution per active participant$2,406
Average account balance$63,916
Benefits paid to participants$1,044,834
Plan auditUnmodified (clean) audit opinion
AuditorFRANK RIMERMAN LLP
Plan history2
Yearassets · accounts · employer contribution
2023$5.6M · 87 accts · $70K emplr
2022$5.4M · 112 accts · $104K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,016
Investment management$15,564
Total administrative$37,580
The Marketing Evolution Inc. 401(k) match · 2023
Employer contribution per active participant$2,406
Median for plans this size$1,308
2023$2,406 per active participant
2022$3,588 per active participant

Marketing Evolution Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 · 20233
ADP, INC. · Recordkeeping$22,015
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$15,564
ADP BROKER-DEALER · Other servicesindirect comp

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$37,580 · 0.69%
2022$39,721 · 0.68%
Similar plansProfessional & Technical Services · New York
Grammatech, Inc. NY$5.7M · 0.94%
The Action Network, Inc. NY$5.6M · 0.08%
Symbio, LLC. NY$5.6M · 0.11%
Chantecaille Beaute Inc NY$5.5M · 0.86%
The Dtx Company NY$5.5M · 0.14%
Gpc International, Inc. NY$5.5M · 0.66%
Frankly Media, LLC NY$5.4M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204580791 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.