Plan Ledger DOL Form 5500 · updated monthly

Mei Group LLC401(k)

MEI GROUP 401(K) PLAN · ARLINGTON, TX · plan year 2024

Reported admin expense ratio · 2024
1.51%

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

Mei Group LLC reported $42,220 in plan administrative expenses for 2024: 1.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,029 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 0.41% to 1.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (4,407th of 5,688), and 4,167th of 5,215 in retail trade. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 260 to 304 since 2022.

Plan summary
Net assets, end of year$3,635,199
Participants with balances340
Active participants304
Employer contributions$616,699
Employee contributions$1,227,307
Employer contribution per active participant$2,029
Average account balance$10,692
Benefits paid to participants$615,252
Plan auditUnmodified (clean) audit opinion
AuditorJKL ROSENBERGER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 340 accts · $617K emplr
2023$2.0M · 315 accts · $492K emplr
2022$504K · 245 accts · $164K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,081
Investment management$1,833
Total administrative$42,220
The Mei Group LLC 401(k) match · 2024
Employer contribution per active participant$2,029
Median for plans this size$1,313
2024$2,029 per active participant
2023$1,640 per active participant
2022$630 per active participant

Mei Group LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$1,833

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$42,220 · 1.51%
2023$16,163 · 1.31%
2022$2,059 · 0.41%
Similar plansRetail Trade · Texas
Keith Ace Hardware TX$3.8M · 0.07%
Wave Health Services, LLC TX$3.8M · 0.51%
M.A.L. Enterprises, Inc. TX$3.6M · 1.80%
The Khoury Group TX$3.5M · 0.90%
Pat Lobb Toyota TX$3.4M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 881398475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.