Plan Ledger DOL Form 5500 · updated monthly

Melloy Brothers Enterprises, Inc.401(k)

MELLOY BROTHERS ENTERPRISES, INC. 401(K) PLAN AND TRUST · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.51%

Melloy Brothers Enterprises, Inc. reported $59,602 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% 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 0.40% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 119th-largest of 290 plans among New Mexico employers on file, and the 2,212th of 5,215 in retail trade.

Plan summary
Net assets, end of year$12,488,389
Participants with balances289
Active participants407
Employer contributions—
Employee contributions$1,236,036
Employer contribution per active participant—
Average account balance$43,212
Benefits paid to participants$1,181,843
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 289 accts
2023$10.9M · 277 accts
2022$10.1M · 273 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,602
Total administrative$59,602
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.

Administrative cost history3
2024$59,602 · 0.51%
2023$55,761 · 0.53%
2022$43,034 · 0.40%
Same employer
Similar plansRetail Trade · New Mexico
Forrest Tire Company, Inc. NM$22.9M · 2.38%
T & R Market, Inc. NM$13.4M · 0.01%
The Krumland Company, LLC NM$11.3M · 0.59%
Chalmers Ford, Inc. NM$7.9M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850242473 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.