Plan Ledger DOL Form 5500 · updated monthly

Motionpoint Corporation Fsa401(k)

MOTIONPOINT CORPORATION FSA 401(K) PROFIT SHARING PLAN AND T · COCONUT CREEK, FL · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Motionpoint Corporation Fsa reported $47,697 in plan administrative expenses for 2023: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,817 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 3 years on file its reported administrative ratio has held roughly steady near 0.434%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,642nd-largest of 3,644 plans among Florida employers on file, and 7,560th of 11,654 in professional & technical services. In 2023, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,435,866
Participants with balances140
Active participants92
Employer contributions$351,150
Employee contributions$752,461
Employer contribution per active participant$3,817
Average account balance$81,685
Benefits paid to participants$1,751,062
Plan auditUnmodified (clean) audit opinion
AuditorABITOS ACCOUNTANTS AND ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 121 accts · $337K emplr
2023$11.4M · 140 accts · $351K emplr
2022$10.3M · 146 accts · $371K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,418
Investment management$36,279
Total administrative$47,697
The Motionpoint Corporation Fsa 401(k) match · 2023
Employer contribution per active participant$3,817
Median for plans this size$2,440
2024$4,161 per active participant
2023$3,817 per active participant
2022$3,636 per active participant

Motionpoint Corporation Fsa's 2023 employer contribution ran above the $2,440 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 · 20233
BENCHMARK FINANCIAL WEALTH ADVISORS · Recordkeeping · Trustee$36,277
ADP, INC. · Loan processing · Recordkeeping$11,460
MESIROW FINANCIAL INVESTMENT MANAGE · Loan processingindirect comp

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, BENCHMARK FINANCIAL WEALTH ADVISORS
2023ADP, BENCHMARK FINANCIAL WEALTH ADVISORS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$49,276 · 0.43%
2023$47,697 · 0.44%
2022$48,610 · 0.43%
Same employer
Similar plansProfessional & Technical Services · Florida
Ninjaone, LLC FL$11.6M · 0.46%
Uphealth, Inc. FL$11.6M · 0.18%
Integrated Dermatology, LLC FL$11.4M · 0.38%
B3H Corporation FL$11.4M · 0.47%
Hayes Medical Staffing, LLC FL$11.2M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651047909 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.