Plan Ledger DOL Form 5500 · updated monthly

Motivation, Education Andamp; Traini401(k)

403(B) THRIFT PLAN FOR EMPLOYEES OF MOTIVATION, EDUCATION ANDAMP; TRAINING, INC. · NEW CANEY, TX · plan year 2024

Employer contribution per participant · 2024
$1,148

Motivation, Education Andamp; Traini's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $7,682,505 across 481 participant accounts, with employer contributions averaging $1,148 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.04% to 0.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (3,451st of 5,688), and 6,588th of 11,911 in health care & social assistance. In 2024, the employer put in $1.88 for every $1.00 employees contributed themselves; active participation has grown from 216 to 434 since 2022.

Plan summary
Net assets, end of year$7,682,505
Participants with balances481
Active participants434
Employer contributions$498,157
Employee contributions$264,658
Employer contribution per active participant$1,148
Average account balance$15,972
Benefits paid to participants$1,215,592
Plan auditUnmodified (clean) audit opinion
AuditorLOUNEV ADVISORY SERVICES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 481 accts · $498K emplr
2023$7.4M · 419 accts · $417K emplr
2022$6.3M · 389 accts · $387K emplr
The Motivation, Education Andamp; Traini 401(k) match · 2024
Employer contribution per active participant$1,148
Median for plans this size$1,313
2024$1,148 per active participant
2023$984 per active participant
2022$1,791 per active participant

Motivation, Education Andamp; Traini's 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024Not separately reported
2023$220 · 0.00%
2022$2,749 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Solaris Healthcare, Inc. TX$7.7M · 0.35%
Lena Pope Home, Inc. TX$7.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741604560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.