Plan Ledger DOL Form 5500 · updated monthly

Modular Services Company401(k)

MODULAR SERVICES COMPANY 401(K) PROFIT SHARING PLAN · OKLAHOMA CITY, OK · plan year 2023

Reported admin expense ratio · 2023
0.33%

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

Modular Services Company reported $39,207 in plan administrative expenses for 2023: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,421 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 has held roughly steady near 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 356th-largest of 724 plans among Oklahoma employers on file, and 7,887th of 13,661 in manufacturing. In 2023, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,463,692
Participants with balances98
Active participants87
Employer contributions$210,653
Employee contributions$482,543
Employer contribution per active participant$2,421
Average account balance$127,181
Benefits paid to participants$1,104,789
Plan auditUnmodified (clean) audit opinion
AuditorARLEDGE & ASSOCIATES, PC
Plan history2
Yearassets · accounts · employer contribution
2023$12.5M · 98 accts · $211K emplr
2022$11.2M · 102 accts · $286K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,298
Investment management$22,909
Total administrative$39,207
The Modular Services Company 401(k) match · 2023
Employer contribution per active participant$2,421
Median for plans this size$2,440
2023$2,421 per active participant
2022$3,112 per active participant

Modular Services Company's 2023 employer contribution ran below the $2,440 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 · 20232
CENTRAL TRUST COMPANY · Investment advisory (plan)$22,909
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$16,298

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$39,207 · 0.33%
2022$38,453 · 0.32%
Similar plansManufacturing · Oklahoma
Roxtec, Inc. OK$14.3M · 0.06%
Reel Power International OK$12.6M · 0.28%
Southwest Electric Co. OK$11.4M · 0.70%
Covercraft Industries,Llc. OK$11.3M · 0.12%
Nucera Solutions, LLC OK$10.6M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730700168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.