Plan Ledger DOL Form 5500 · updated monthly

Mk Systems USA, Inc.401(k)

MEDIAKIND 401(K) PLAN · FRISCO, TX · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Mk Systems USA, Inc. reported $56,471 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $6,556 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 3 years on file its reported administrative ratio has held roughly steady near 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,490th-largest of 5,688 plans among Texas employers on file, and the 750th of 2,199 in information & media. In 2024, employees put in $2.85 for every $1.00 the employer contributed; active participation has shrunk from 192 to 97 since 2022.

Plan summary
Net assets, end of year$31,560,466
Participants with balances196
Active participants97
Employer contributions$635,977
Employee contributions$1,810,646
Employer contribution per active participant$6,556
Average account balance$161,023
Benefits paid to participants$5,954,380
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 196 accts · $636K emplr
2023$31.1M · 239 accts · $881K emplr
2022$28.1M · 274 accts · $992K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,273
Investment management$26,158
Total administrative$56,471
The Mk Systems USA, Inc. 401(k) match · 2024
Employer contribution per active participant$6,556
Median for plans this size$2,416
2024$6,556 per active participant
2023$5,991 per active participant
2022$5,167 per active participant

Mk Systems USA, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
EMPOWER ADVISORY GROUP, LLC · Investment management$26,158

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$56,471 · 0.18%
2023$58,361 · 0.20%
2022$56,073 · 0.19%
Same employer
Similar plansInformation & Media · Texas
Sparefoot, Inc. TX$36.2M · 0.50%
Medeanalytics, Inc. TX$35.0M · 0.27%
Hyphen Solutions, LLC TX$32.7M · 0.22%
Access Telecare, LLC TX$31.2M · 0.16%
Wargaming (USA), Inc. TX$30.4M · 0.25%
Rategain Technologies, Inc. TX$28.7M · 0.45%
Personify Corporation TX$28.5M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825378266 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.