Plan Ledger DOL Form 5500 · updated monthly

Moda Operandi Inc.401(k)

MODA OPERANDI, INC. 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Moda Operandi Inc. reported $72,616 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,298 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 0.73% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (3,206th of 5,648), and the 2,144th of 5,215 in retail trade. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has shrunk from 200 to 165 since 2022.

Plan summary
Net assets, end of year$12,952,718
Participants with balances252
Active participants165
Employer contributions$544,124
Employee contributions$1,049,950
Employer contribution per active participant$3,298
Average account balance$51,400
Benefits paid to participants$826,120
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 252 accts · $544K emplr
2023$10.5M · 271 accts · $596K emplr
2022$7.8M · 360 accts · $531K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,087
Investment management$31,529
Total administrative$72,616
The Moda Operandi Inc. 401(k) match · 2024
Employer contribution per active participant$3,298
Median for plans this size$2,416
2024$3,298 per active participant
2023$3,464 per active participant
2022$2,655 per active participant

Moda Operandi 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.

Service providers · 20243
ADVUS FINANCIAL PARTNERS LLC · Investment advisory (plan)$16,438
EMPOWER ADVISORY GROUP, LLC · Investment management$15,091

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$72,616 · 0.62%
2023$59,501 · 0.65%
2022$57,770 · 0.73%
Same employer
Similar plansRetail Trade · New York
Uncommongoods, LLC NY$13.1M · 0.32%
Blue Mistral, LLC NY$13.0M · 0.39%
International Shoppes, Inc. NY$13.0M · 0.20%
Jv Asset Holdco LLC NY$12.9M · 0.03%
Sage Parts Plus, Inc. NY$12.8M · 0.58%
Bci Brands, LLC NY$12.4M · 0.02%
Hirshleifers, Inc. NY$12.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900592900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.