Motivation, Education Andamp; Traini401(k)
403(B) THRIFT PLAN FOR EMPLOYEES OF MOTIVATION, EDUCATION ANDAMP; TRAINING, INC. · NEW CANEY, TX · plan year 2024
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.
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.
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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.