Plan Ledger DOL Form 5500 · updated monthly

Meathead Movers, Inc.401(k)

MEATHEAD MOVERS, INC. 401(K) PROFIT SHARING PLAN · SAN LUIS OBISPO, CA · plan year 2022

Reported admin expense ratio · 2022
0.35%

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

Meathead Movers, Inc. reported $4,961 in plan administrative expenses for 2022: 0.35% of average plan assets, below the peer median. Employer contributions averaged $353 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 rose from 0.23% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in California (8,665th of 9,483), and 2,259th of 2,677 in transportation & warehousing. In 2022, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,287,438
Participants with balances30
Active participants160
Employer contributions$56,412
Employee contributions$97,740
Employer contribution per active participant$353
Average account balance$42,915
Benefits paid to participants$170,464
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2022$1.3M · 30 accts · $56K emplr
2020$1.2M · 25 accts · $42K emplr
Administrative expenses, itemized · 2022
Professional / advisory$4,961
Total administrative$4,961
The Meathead Movers, Inc. 401(k) match · 2022
Employer contribution per active participant$353
Median for plans this size$1,114
2022$353 per active participant
2020$306 per active participant

Meathead Movers, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2022$4,961 · 0.35%
2020$2,539 · 0.23%
Similar plansTransportation & Warehousing · California
Madden Corporation CA$1.4M · 0.64%
Global Paratransit, Inc CA$1.3M · 0.18%
Kilam Inc CA$1.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 753123197 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.