Plan Ledger DOL Form 5500 · updated monthly

Mican Technologies Inc.401(k)

MICAN TECHNOLOGIES INC. 401K PLAN · BEAR, DE · plan year 2024

Reported admin expense ratio · 2024
0.52%

Mican Technologies Inc. reported $20,513 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. 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 3 years on file its reported administrative ratio has held roughly steady near 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Delaware (201st of 242), and 10,010th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$4,429,081
Participants with balances225
Active participants201
Employer contributions—
Employee contributions$875,258
Employer contribution per active participant—
Average account balance$19,685
Benefits paid to participants$498,119
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 225 accts
2023$3.5M · 226 accts
2022$2.2M · 200 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,260
Investment management$16,253
Total administrative$20,513
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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$16,252
ADP, INC. · Loan processing · Recordkeeping$4,260
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$20,513 · 0.52%
2023$14,905 · 0.52%
2022$10,885 · 0.50%
Same employer
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Whele HR LLC DE$7.6M · 0.12%
Pro Automated Inc DE$5.9M · 0.32%
Hopin US Inc. DE$5.0M · 0.03%
Stratus Aviation LLC DE$4.0M · 0.76%
Pt Services Delaware LLC DE$1.8M · 0.09%
Savantis Solutions, LLC DE$1.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208536198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.