Plan Ledger DOL Form 5500 · updated monthly

Motive Technologies Inc.401(k)

MOTIVE TECHNOLOGIES 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Motive Technologies Inc. reported $315,102 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,618 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 5 years on file its reported administrative ratio rose from 0.42% to 0.61%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,485th-largest of 9,483 plans among California employers on file, and the 2,287th of 11,654 in professional & technical services. In 2024, employees put in $7.62 for every $1.00 the employer contributed; active participation has grown from 664 to 927 since 2019.

Plan summary
Net assets, end of year$62,177,334
Participants with balances1,451
Active participants927
Employer contributions$1,499,537
Employee contributions$11,421,627
Employer contribution per active participant$1,618
Average account balance$42,851
Benefits paid to participants$5,152,858
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history5
Yearassets · accounts · employer contribution
2024$62.2M · 1,451 accts · $1.5M emplr
2023$40.7M · 1,065 accts · $1.5M emplr
2022$25.8M · 1,097 accts · $1.3M emplr
2020$10.6M · 478 accts · $738K emplr
2019$6.1M · 566 accts · $576K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$210,146
Investment management$104,956
Total administrative$315,102
The Motive Technologies Inc. 401(k) match · 2024
Employer contribution per active participant$1,618
Median for plans this size$3,635
2024$1,618 per active participant
2023$1,774 per active participant
2022$1,566 per active participant
2020$1,694 per active participant
2019$867 per active participant

Motive Technologies Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20243
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$64,743
EMPOWER ADVISORY GROUP, LLC · Investment management$40,213

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

Administrative cost history5
2024$315,102 · 0.61%
2023$248,093 · 0.75%
2022$160,766 · 0.71%
2020$48,158 · 0.58%
2019$14,992 · 0.42%
Same employer
Similar plansProfessional & Technical Services · California
Userzoom Technologies, Inc. CA$62.5M · 0.09%
Imperva, Inc. CA$62.5M · 0.03%
Sangamo Therapeutics, Inc. CA$62.5M · 0.09%
Ibi Group CA$62.2M · 0.27%
Nextdoor, Inc. CA$62.1M · 0.05%
Hutchinson & Bloodgood, LLP CA$62.1M · 0.05%
Seiler LLP CA$61.8M · 0.25%
Malwarebytes Inc. CA$61.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462330361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.