Plan Ledger DOL Form 5500 · updated monthly

Moneylion, Inc.401(k)

MONEYLION, INC. 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Moneylion, Inc. reported $128,185 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,167 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 1.14% to 0.76%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,547th-largest of 5,648 plans among New York employers on file, and 3,079th of 4,798 in finance & insurance. In 2024, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,791,870
Participants with balances318
Active participants276
Employer contributions$1,425,975
Employee contributions$2,895,571
Employer contribution per active participant$5,167
Average account balance$62,239
Benefits paid to participants$1,510,202
Plan auditUnmodified (clean) audit opinion
AuditorCONDON O'MEARA MCGINTY & DONNELLY
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 318 accts · $1.4M emplr
2023$13.8M · 317 accts · $1.4M emplr
2022$6.3M · 244 accts · $916K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,185
Total administrative$128,185
The Moneylion, Inc. 401(k) match · 2024
Employer contribution per active participant$5,167
Median for plans this size$2,416
2024$5,167 per active participant
2023$4,691 per active participant
2022$3,330 per active participant

Moneylion, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$65,215
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,845
THE BENEFIT PRACTICE · Contract administrator · Other services$15,125

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$128,185 · 0.76%
2023$76,090 · 0.76%
2022$65,661 · 1.14%
Same employer
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Iroquois Group Inc NY$20.2M · 0.35%
Tidal Basin Holdco LLC NY$20.0M · 0.58%
Petra Funds Group LLC NY$19.9M · 0.35%
Meridian Capital Group, LLC NY$19.9M · 0.03%
Pentegra Services Inc NY$19.3M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464036860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.