Plan Ledger DOL Form 5500 · updated monthly

Modsquad, Inc.401(k)

MODSQUAD, INC. 401(K) PROFIT SHARING PLAN & TRUST · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Modsquad, Inc. reported $50,316 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $2,114 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 0.74% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,419th of 9,483), and 9,116th of 11,654 in professional & technical services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 249 to 188 since 2022.

Plan summary
Net assets, end of year$6,749,200
Participants with balances132
Active participants188
Employer contributions$397,473
Employee contributions$814,874
Employer contribution per active participant$2,114
Average account balance$51,130
Benefits paid to participants$752,746
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 132 accts · $397K emplr
2023$5.5M · 142 accts · $405K emplr
2022$4.1M · 181 accts · $388K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,316
Total administrative$50,316
The Modsquad, Inc. 401(k) match · 2024
Employer contribution per active participant$2,114
Median for plans this size$1,313
2024$2,114 per active participant
2023$2,090 per active participant
2022$1,557 per active participant

Modsquad, Inc.'s 2024 employer contribution ran above the $1,313 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
CBIZ BENEFITS & INS SERVICES INC · Contract administrator$23,164
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (plan)$16,140
EMPOWER ANNUITY INSURANCE CO · Investment advisory (plan)$6,625

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$50,316 · 0.82%
2023$41,806 · 0.87%
2022$28,500 · 0.74%
Same employer
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Warp Drive, Inc CA$6.8M · 0.11%
Patientpop Inc. CA$6.8M · 0.23%
Sense Talent Labs, Inc. CA$6.8M · 0.11%
Augmedix, Inc. CA$6.7M · 0.11%
Vetncare Mso LLC CA$6.7M · 0.87%
Dgn Technologies Inc CA$6.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800196337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.