Plan Ledger DOL Form 5500 · updated monthly

Momentum Consulting Corp.401(k)

MOMENTUM CONSULTING RETIREMENT PLAN · MIAMI LAKES, FL · plan year 2023

Reported admin expense ratio · 2023
0.45%

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

Momentum Consulting Corp. reported $36,766 in plan administrative expenses for 2023: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,855 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 0.45%. 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 Florida (1,964th of 3,644), and 8,522nd of 11,654 in professional & technical services. In 2023, employees put in $4.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,437,191
Participants with balances119
Active participants103
Employer contributions$191,069
Employee contributions$829,086
Employer contribution per active participant$1,855
Average account balance$70,901
Benefits paid to participants$1,482,253
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$8.4M · 119 accts · $191K emplr
2022$7.8M · $120K emplr
The Momentum Consulting Corp. 401(k) match · 2023
Employer contribution per active participant$1,855
Median for plans this size$1,308
2023$1,855 per active participant
2022$1,022 per active participant

Momentum Consulting Corp.'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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,052
MML INVESTORS SERVICES LLC · Investment advisory (plan)indirect comp

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$36,766 · 0.45%
2022$38,489 · 0.47%
Similar plansProfessional & Technical Services · Florida
Rme Group Holding Company FL$8.6M · 0.60%
Microtechnologies LLC FL$8.5M · 0.44%
Actsoft Inc FL$8.5M · 0.53%
The Rockhill Group, Inc. FL$8.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352186180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.