Plan Ledger DOL Form 5500 · updated monthly

Messagebird USA, Inc401(k)

MESSAGEBIRD USA, INC 401(K) PROFIT SHARING PLAN · BETHESDA, MD · plan year 2022

Reported admin expense ratio · 2022
0.16%

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

Messagebird USA, Inc reported $42,940 in plan administrative expenses for 2022: 0.16% of average plan assets, below the peer median. Employer contributions averaged $6,749 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 0.16% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is the 571st-largest of 1,671 plans among Maryland employers on file, and the 4,889th of 11,654 in professional & technical services. In 2022, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,091,455
Participants with balances345
Active participants178
Employer contributions$1,201,323
Employee contributions$2,335,993
Employer contribution per active participant$6,749
Average account balance$69,830
Benefits paid to participants$3,519,470
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.4M · 215 accts · $590K emplr
2023$23.7M · 363 accts · $774K emplr
2022$24.1M · 345 accts · $1.2M emplr
The Messagebird USA, Inc 401(k) match · 2022
Employer contribution per active participant$6,749
Median for plans this size$2,266
2024$11,126 per active participant
2023$6,728 per active participant
2022$6,749 per active participant

Messagebird USA, Inc's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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.

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$46,189 · 0.20%
2023$46,701 · 0.20%
2022$42,940 · 0.16%
Same employer
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Glotech Inc MD$24.9M · 0.09%
Federal Data Holdings LLC MD$24.4M · 0.37%
Digiflight, Inc . MD$24.3M · 0.36%
AG LLC MD$24.1M · 0.36%
Axiom Systems, Inc. MD$23.9M · 0.21%
Huntress Labs Incorporated MD$23.6M · 0.28%
Spatial Front, Inc. MD$23.5M · 0.12%
Clearedge IT Solutions, LLC MD$23.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320221432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.