Plan Ledger DOL Form 5500 · updated monthly

Mbi Staffing, Inc.401(k)

MBI 401(K) PLAN · WOODSTOCK, IL · plan year 2022

Reported admin expense ratio · 2022
1.41%

Mbi Staffing, Inc. reported $26,383 in plan administrative expenses for 2022: 1.41% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Illinois (3,408th of 3,702), and 11,024th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$1,598,199
Participants with balances73
Active participants69
Employer contributions—
Employee contributions$525,793
Employer contribution per active participant—
Average account balance$21,893
Benefits paid to participants$633,357
Plan auditUnmodified (clean) audit opinion
AuditorBENNING GROUP, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$26,383
Total administrative$26,383
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$26,383 · 1.41%
Similar plansProfessional & Technical Services · Illinois
Shield T3 IL$1.7M · 0.59%
Beary Landscaping, Inc. IL$1.7M · 1.11%
360 Management Company IL$1.7M · 1.29%
Mu Sigma Inc. IL$1.7M · 0.89%
Ari Holdings, LLC IL$1.6M · 0.74%
Caresoft Global Inc IL$1.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455120557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.