Plan Ledger DOL Form 5500 · updated monthly

Motco, Inc. and Subsidiaries401(k)

MOTCO, INC. 401(K) & PROFIT SHARING PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Motco, Inc. and Subsidiaries reported $28,813 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,752 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 rose from 0.10% to 0.12%. 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 943rd-largest of 3,644 plans among Florida employers on file, and the 1,575th of 4,246 in wholesale trade. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 193 to 224 since 2022.

Plan summary
Net assets, end of year$25,042,815
Participants with balances253
Active participants224
Employer contributions$616,535
Employee contributions$1,274,011
Employer contribution per active participant$2,752
Average account balance$98,983
Benefits paid to participants$776,205
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE SCHILLER GARDYN P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$25.0M · 253 accts · $617K emplr
2023$21.4M · 252 accts · $510K emplr
2022$18.3M · 205 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,996
Investment management$23,817
Total administrative$28,813
The Motco, Inc. and Subsidiaries 401(k) match · 2024
Employer contribution per active participant$2,752
Median for plans this size$2,416
2024$2,752 per active participant
2023$2,297 per active participant
2022$1,377 per active participant

Motco, Inc. and Subsidiaries'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 · 20242
GREENSPRING ADVISORS, LLC · Recordkeeping · Trustee$23,817
ADP, INC. · Loan processing · Recordkeeping$4,996

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

Recordkeeper by year2
2024ADP, GREENSPRING ADVISORS, LLC
2023ADP, GREENSPRING ADVISORS, LLC

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Administrative cost history3
2024$28,813 · 0.12%
2023$26,533 · 0.13%
2022$20,275 · 0.10%
Same employer
Similar plansWholesale Trade · Florida
Wesco Turf, Inc. FL$27.5M · 0.32%
Wetherill Associates, Inc. FL$27.3M · 0.02%
Intradeco, Inc. FL$26.9M · 0.36%
Aersale FL$25.0M · 0.09%
Tabacalera USA Inc. FL$24.9M · 0.37%
Chadwell Supply, Inc. FL$24.1M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591627018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.