Plan Ledger DOL Form 5500 · updated monthly

Motor Controls, Inc.401(k)

MOTOR CONTROLS INC. 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Motor Controls, Inc. reported $1,320 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $402 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 2 years on file its reported administrative ratio fell from 0.04% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (3,109th of 5,688), and 8,962nd of 13,661 in manufacturing. In 2024, employees put in $7.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,656,347
Participants with balances136
Active participants263
Employer contributions$105,611
Employee contributions$761,419
Employer contribution per active participant$402
Average account balance$71,003
Benefits paid to participants$417,209
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 136 accts · $106K emplr
2023$7.7M · 133 accts · $114K emplr
2022$6.1M · 136 accts · $118K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50
Investment management$1,270
Total administrative$1,320
The Motor Controls, Inc. 401(k) match · 2024
Employer contribution per active participant$402
Median for plans this size$1,313
2024$402 per active participant
2023$526 per active participant
2022$466 per active participant

Motor Controls, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$50

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

Administrative cost history3
2024$1,320 · 0.02%
2023$1,006 · 0.01%
2022$2,933 · 0.04%
Same employer
Similar plansManufacturing · Texas
Canidae, LLC. TX$9.8M · 0.34%
Wylie & Son, Inc. TX$9.8M · 0.59%
Result Enterprises Inc. TX$9.7M · 0.04%
Vsc Synapse LLC TX$9.7M · 0.86%
San Antonio Shoe, Inc. TX$9.6M · 0.05%
Wilson Company TX$9.5M · 0.46%
Lone Star Bakery, Inc. TX$9.3M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751725350 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.