Plan Ledger DOL Form 5500 · updated monthly

Mindgrub Technologies LLC401(k)

MINDGRUB TECHNOLOGIES LLC 401(K) PROFIT SHARING PLAN AND TRUST · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Mindgrub Technologies LLC reported $34,173 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $1,399 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 fell from 0.59% to 0.51%. 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 Maryland (1,131st of 1,671), and 8,968th of 11,654 in professional & technical services. In 2024, employees put in $7.09 for every $1.00 the employer contributed; active participation has shrunk from 103 to 75 since 2022.

Plan summary
Net assets, end of year$7,236,960
Participants with balances119
Active participants75
Employer contributions$104,907
Employee contributions$743,511
Employer contribution per active participant$1,399
Average account balance$60,815
Benefits paid to participants$906,569
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 119 accts · $105K emplr
2023$6.2M · 126 accts · $101K emplr
2022$4.7M · 125 accts · $159K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,332
Investment management$19,841
Total administrative$34,173
The Mindgrub Technologies LLC 401(k) match · 2024
Employer contribution per active participant$1,399
Median for plans this size$1,313
2024$1,399 per active participant
2023$1,198 per active participant
2022$1,540 per active participant

Mindgrub Technologies 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 · 20242
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$19,841
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,332

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$34,173 · 0.51%
2023$32,037 · 0.59%
2022$31,746 · 0.59%
Similar plansProfessional & Technical Services · Maryland
Design Collective, Inc. MD$7.6M · 0.38%
Rollout Systems LLC MD$7.5M · 0.57%
Bww Law Group, LLC MD$7.4M · 0.58%
Aventri, LLC MD$7.2M · 0.49%
Infinity HR MD$7.1M · 0.67%
Ci Design Inc. MD$7.0M · 0.73%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 522381772 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.