Plan Ledger DOL Form 5500 · updated monthly

Modern Animal, Inc401(k)

MODERN ANIMAL, INC 401(K) PLAN · CULVER CITY, CA · plan year 2023

Reported admin expense ratio · 2023
0.67%

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

Modern Animal, Inc reported $22,119 in plan administrative expenses for 2023: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,597 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 1 year on file its reported administrative ratio rose from 0.29% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (7,047th of 9,483), and 9,858th of 11,654 in professional & technical services. In 2023, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,866,202
Participants with balances236
Active participants340
Employer contributions$542,959
Employee contributions$1,248,537
Employer contribution per active participant$1,597
Average account balance$20,620
Benefits paid to participants$160,122
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.9M · 236 accts · $543K emplr
2022$1.7M · 141 accts · $96K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,302
Investment management$8,817
Total administrative$22,119
The Modern Animal, Inc 401(k) match · 2023
Employer contribution per active participant$1,597
Median for plans this size$1,308
2023$1,597 per active participant
2022$493 per active participant

Modern Animal, Inc's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
REGATTA CAPITAL GROUP LLC · Investment advisory (plan)$8,817
EMPOWER ADVISORY GROUP, LLC · Investment management$366

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

Administrative cost history2
2023$22,119 · 0.67%
2022$3,879 · 0.29%
Same employer
Similar plansProfessional & Technical Services · California
Evisort Inc. CA$4.9M · 0.10%
Lilac Solutions, Inc. CA$4.9M · 0.26%
Orca Biosystems Inc. CA$4.9M · 0.10%
Ranker, Inc CA$4.8M · 0.09%
Directive Consulting CA$4.7M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832852592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.