Plan Ledger DOL Form 5500 · updated monthly

Mobotrex, Inc.401(k)

MOBOTREX, INC. 401(K) PLAN · DAVENPORT, IA · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Mobotrex, Inc. reported $83,040 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,073 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 rose from 0.62% to 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Iowa (526th of 878), and 7,631st of 13,661 in manufacturing. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has grown from 155 to 192 since 2022.

Plan summary
Net assets, end of year$13,260,445
Participants with balances201
Active participants192
Employer contributions$589,922
Employee contributions$773,403
Employer contribution per active participant$3,073
Average account balance$65,972
Benefits paid to participants$578,310
Plan auditUnmodified (clean) audit opinion
AuditorHONKAMP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 201 accts · $590K emplr
2023$11.2M · 194 accts · $770K emplr
2022$9.3M · 179 accts · $470K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,040
Total administrative$83,040
The Mobotrex, Inc. 401(k) match · 2024
Employer contribution per active participant$3,073
Median for plans this size$2,416
2024$3,073 per active participant
2023$4,031 per active participant
2022$3,030 per active participant

Mobotrex, Inc.'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.

Administrative cost history3
2024$83,040 · 0.68%
2023$68,740 · 0.67%
2022$65,323 · 0.62%
Same employer
Similar plansManufacturing · Iowa
Weiler, Inc. IA$14.6M · 0.62%
Groschopp, Inc. IA$13.6M · 0.41%
Pdm Precast, Inc. IA$13.2M · 0.08%
Midwest Metal Products Co. IA$13.2M · 0.30%
Gmt LLC IA$12.6M · 0.32%
All-State Industries, Inc. IA$12.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362656899 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.