Plan Ledger DOL Form 5500 · updated monthly

Michoacana Marketing Services, LLC401(k)

LA MICHOACANA MEAT MARKET 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Michoacana Marketing Services, LLC reported $61,549 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $53 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 4 years on file its reported administrative ratio rose from 0.36% to 1.15%. 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 (3,878th of 5,688), and 3,561st of 5,215 in retail trade. In 2024, employees put in $2.55 for every $1.00 the employer contributed; active participation has shrunk from 2,335 to 2,026 since 2020.

Plan summary
Net assets, end of year$5,729,241
Participants with balances1,530
Active participants2,026
Employer contributions$107,159
Employee contributions$272,969
Employer contribution per active participant$53
Average account balance$3,745
Benefits paid to participants$91,072
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$5.7M · 1,530 accts · $107K emplr
2023$5.0M · 1,534 accts · $69K emplr
2022$4.4M · 1,538 accts · $65K emplr
2020$4.3M · 79 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,549
Total administrative$61,549
The Michoacana Marketing Services, LLC 401(k) match · 2024
Employer contribution per active participant$53
Median for plans this size$1,313
2024$53 per active participant
2023$45 per active participant
2022$40 per active participant
2020$109 per active participant

Michoacana Marketing Services, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeepingindirect comp
MERRILL LYNCH - FAS · Investment advisory (participants)$13,401
MERRILL LYNCH - EPS · Investment advisory (participants)$13,401

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history4
2024$61,549 · 1.15%
2023$49,044 · 1.05%
2022$35,592 · 0.77%
2020$14,090 · 0.36%
Similar plansRetail Trade · Texas
Mid-America Pet Food, LLC TX$5.9M · 0.12%
Bering Home Center, Inc. TX$5.8M · 0.64%
Gibson Sales, LP TX$5.8M · 0.00%
Ed Hicks Imports TX$5.7M · 0.41%
Savcop, LTD TX$5.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208879523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.