Plan Ledger DOL Form 5500 · updated monthly

Mbs Asset Management LLC401(k)

MBS ASSET MANAGEMENT, LLC 401(K) PLAN · MANHATTAN BEACH, CA · plan year 2025

Reported admin expense ratio · 2025
0.32%

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

Mbs Asset Management LLC reported $199,720 in plan administrative expenses for 2025: 0.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,087 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 fell from 0.63% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,376th-largest of 9,483 plans among California employers on file, and the 2,149th of 11,654 in professional & technical services. In 2025, employees put in $1.52 for every $1.00 the employer contributed; active participation has shrunk from 779 to 499 since 2022.

Plan summary
Net assets, end of year$66,942,657
Participants with balances586
Active participants499
Employer contributions$2,538,423
Employee contributions$3,850,342
Employer contribution per active participant$5,087
Average account balance$114,237
Benefits paid to participants$5,385,244
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$66.9M · 586 accts · $2.5M emplr
2024$56.7M · 667 accts · $2.9M emplr
2023$47.0M · 682 accts · $2.8M emplr
2022$35.7M · 674 accts · $2.7M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$64,840
Investment management$134,880
Total administrative$199,720
The Mbs Asset Management LLC 401(k) match · 2025
Employer contribution per active participant$5,087
Median for plans this size$4,093
2025$5,087 per active participant
2024$4,375 per active participant
2023$3,850 per active participant
2022$3,417 per active participant

Mbs Asset Management LLC's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$64,840
BANK OF AMERICA NA · Consulting · Investment advisory (plan)$111,963
NFP RETIREMENT INC. · Consulting · Investment advisory (plan)$22,917

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

Recordkeeper by year3
2025Transamerica
2024Transamerica
2023Transamerica

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Administrative cost history4
2025$199,720 · 0.32%
2024$311,858 · 0.60%
2023$268,619 · 0.65%
2022$193,535 · 0.63%
Same employer
Similar plansProfessional & Technical Services · California
Bluebeam, Inc. CA$67.1M · 0.05%
Boingo Wireless, Inc. CA$67.1M · 0.07%
Takara Bio, USA, Inc. CA$67.1M · 0.07%
Xifin, Inc. CA$66.9M · 0.39%
Ktgy Group, Inc. CA$66.8M · 0.26%
Nuro, Inc. CA$66.0M · 0.07%
Denali Therapeutics Inc. CA$65.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275242020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.