Plan Ledger DOL Form 5500 · updated monthly

Mobe LLC401(k)

MOBE LLC 401(K) PROFIT SHARING PLAN & TRUST · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Mobe LLC reported $67,911 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,745 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 0.51% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 946th-largest of 1,918 plans among Minnesota employers on file, and the 3,922nd of 11,911 in health care & social assistance. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 169 to 223 since 2022.

Plan summary
Net assets, end of year$18,302,797
Participants with balances316
Active participants223
Employer contributions$835,100
Employee contributions$2,182,155
Employer contribution per active participant$3,745
Average account balance$57,920
Benefits paid to participants$1,477,098
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 316 accts · $835K emplr
2023$14.1M · 323 accts · $770K emplr
2022$10.7M · 260 accts · $721K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,230
Investment management$43,821
Trustee / custodial$860
Total administrative$67,911
The Mobe LLC 401(k) match · 2024
Employer contribution per active participant$3,745
Median for plans this size$2,416
2024$3,745 per active participant
2023$3,334 per active participant
2022$4,266 per active participant

Mobe LLC's 2024 employer contribution ran above the $2,416 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
PAYCHEX, INC. · Recordkeeping$23,298
HAYS FINANCIAL GROUP · Investment advisory (participants)$38,309

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

Recordkeeper by year2
2024Paychex
2023HAYS FINANCIAL GROUP, Paychex

This plan has changed recordkeepers within these filings. If you left Mobe LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,911 · 0.42%
2023$49,971 · 0.40%
2022$58,176 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Walker Methodist MN$19.4M · 0.55%
Vivie MN$19.1M · 0.75%
Cerenity Senior Care MN$18.3M · 0.05%
Radias Health MN$18.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465330952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.