Plan Ledger DOL Form 5500 · updated monthly

Megatel Homes, LLC401(k)

MEGATEL HOMES 401(K) RETIREMENT PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
1.77%

Megatel Homes, LLC reported $25,857 in plan administrative expenses for 2024: 1.77% 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.

Across the 2 years on file its reported administrative ratio rose from 1.42% to 1.77%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Texas (5,065th of 5,688), and 1,909th of 2,096 in real estate & leasing.

Plan summary
Net assets, end of year$1,599,311
Participants with balances144
Active participants145
Employer contributions—
Employee contributions$626,324
Employer contribution per active participant—
Average account balance$11,106
Benefits paid to participants$529,935
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 144 accts
2023$1.3M · 129 accts
2022$927K · 153 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,683
Investment management$7,174
Total administrative$25,857
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$18,683
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)$7,174
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$25,857 · 1.77%
2023$17,182 · 1.53%
2022$12,974 · 1.42%
Similar plansReal Estate & Leasing · Texas
Grayco Partners LLC TX$1.8M · 0.28%
Hospice Source, LLC TX$1.7M · 0.30%
Rreaf Holdings, LLC TX$1.7M · 1.67%
Orison Holdings, LLC TX$1.6M · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223930429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.