Plan Ledger DOL Form 5500 · updated monthly

Motivational Services, Inc.403(b)

MOTIVATIONAL SERVICES, INC 403B PLAN · AUGUSTA, ME · plan year 2022

Reported admin expense ratio · 2022
0.59%

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

Motivational Services, Inc. reported $3,788 in plan administrative expenses for 2022: 0.59% of average plan assets, below the peer median. Employer contributions averaged $576 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maine (344th of 354), and 11,035th of 11,911 in health care & social assistance. In 2022, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$847,447
Participants with balances49
Active participants151
Employer contributions$86,988
Employee contributions$163,414
Employer contribution per active participant$576
Average account balance$17,295
Benefits paid to participants$9,560
Plan auditUnmodified (clean) audit opinion
AuditorOUELLETTE & ASSOCIATES,PA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,788
Total administrative$3,788
Employer contributions to the Motivational Services, Inc. plan · 2022
Employer contribution per active participant$576
Median for plans this size$331

Motivational Services, Inc.'s 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,788 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · Maine
Woodlands Senior Living ME$1.1M · 2.15%
Casa, Inc. ME$909K · 0.12%
Katahdin Friends, Inc. ME$313K · 0.32%
Dltc, Inc ME$2K

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Source: U.S. Department of Labor, Form 5500 series, EIN 010342515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.