Plan Ledger DOL Form 5500 · updated monthly

Moog Music, Inc.401(k)

MOOG MUSIC, INC. 401(K) PLAN · ASHEVILLE, NC · plan year 2023

Reported admin expense ratio · 2023
0.98%

Moog Music, Inc. reported $34,544 in plan administrative expenses for 2023: 0.98% of average plan assets, higher than ~75% of peers. 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 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in North Carolina (1,580th of 2,005), and 4,100th of 5,215 in retail trade. In 2023, employees put in $2.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,857,438
Participants with balances114
Active participants0
Employer contributions$47,826
Employee contributions$133,266
Employer contribution per active participant—
Average account balance$33,837
Benefits paid to participants$32,950
Plan auditUnmodified (clean) audit opinion
AuditorBROWN EDWARDS & CO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $4K emplr
2023$3.9M · 114 accts · $48K emplr
2022$3.2M · 115 accts · $110K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,244
Total administrative$34,544
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 · 20231
JOHN HANCOCK USA · Recordkeeping · Investment management$300

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
2024Not separately reported
2023$34,544 · 0.98%
2022$32,105 · 0.94%
All plans at this employer2
MOOG MUSIC, INC. 401(K) PLAN401(k)
MOOG MUSIC, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansRetail Trade · North Carolina
J.P. Thomas & Company NC$4.3M · 1.34%
Earl Tindol Ford Inc NC$4.1M · 0.23%
Li'l Thrift Food Marts NC$3.7M · 0.74%
Cos Bar USA, Inc. NC$3.1M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561230864 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.