Plan Ledger DOL Form 5500 · updated monthly

Momentum Textiles, LLC401(k)

MOMENTUM TEXTILES, LLC 401(K) PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Momentum Textiles, LLC reported $144,563 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,343 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 0.34% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,768th-largest of 9,483 plans among California employers on file, and the 826th of 4,246 in wholesale trade. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has grown from 217 to 248 since 2022.

Plan summary
Net assets, end of year$49,920,590
Participants with balances334
Active participants248
Employer contributions$829,110
Employee contributions$2,349,866
Employer contribution per active participant$3,343
Average account balance$149,463
Benefits paid to participants$3,369,145
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.9M · 334 accts · $829K emplr
2023$44.9M · 306 accts · $785K emplr
2022$38.4M · 283 accts · $672K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,274
Investment management$31,289
Total administrative$144,563
The Momentum Textiles, LLC 401(k) match · 2024
Employer contribution per active participant$3,343
Median for plans this size$2,416
2024$3,343 per active participant
2023$3,427 per active participant
2022$3,097 per active participant

Momentum Textiles, LLC'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
JOHN HANCOCK · Recordkeeping · Loan processing$109,994
ONE DIGITAL · Investment advisory (plan)$30,000
PENSION BENEFITS UNLIMITED, INC. · Other services$28,044

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$144,563 · 0.30%
2023$141,369 · 0.34%
2022$143,240 · 0.34%
Same employer
Similar plansWholesale Trade · California
West Coast Materials, Inc. CA$51.2M · 0.26%
Cj America Inc CA$51.0M · 0.34%
R.F. Macdonald Company CA$49.2M · 0.15%
Jc Foodservice, Inc. CA$49.0M · 0.05%
Rodan & Fields, LLC CA$48.6M · 0.23%
5.11, Inc. CA$48.5M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330580411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.