Plan Ledger DOL Form 5500 · updated monthly

Motorambar, Inc.Profit-sharing plan

MOTORAMBAR, INC. CODA PROFIT SHARING PLAN · SAN JUAN, PR · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Motorambar, Inc. reported $33,922 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $724 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 3 years on file its reported administrative ratio has held roughly steady near 0.444%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is the 140th-largest of 323 plans among PR employers on file, and 3,009th of 5,215 in retail trade. In 2024, employees put in $3.98 for every $1.00 the employer contributed; active participation has shrunk from 211 to 189 since 2022.

Plan summary
Net assets, end of year$8,126,031
Participants with balances244
Active participants189
Employer contributions$136,786
Employee contributions$544,115
Employer contribution per active participant$724
Average account balance$33,303
Benefits paid to participants$781,170
Plan auditUnmodified (clean) audit opinion
AuditorKEVANE, GRANT, THORTON
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 244 accts · $137K emplr
2023$7.1M · 225 accts · $143K emplr
2022$5.7M · 211 accts · $152K emplr
Employer contributions to the Motorambar, Inc. plan · 2024
Employer contribution per active participant$724
Median for plans this size$1,313
2024$724 per active participant
2023$722 per active participant
2022$718 per active participant

Motorambar, Inc.'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.

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 · 20244
ORIENTAL BANK & TRUST · Trustee (directed)$18,599
EMPOWER ADVISORY GROUP, LLC · Investment management$10,363
NPPG RECORD KEEPING SOLUTIONS · Trustee (directed)indirect comp

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$33,922 · 0.44%
2023$27,648 · 0.43%
2022$26,574 · 0.44%
Same employer
Similar plansRetail Trade · PR
Novus, Inc. PR$16.4M · 0.69%
Hvph Motor Corp. PR$12.4M · 0.50%
Autokirei LLC PR$7.4M · 0.14%
Cesar Castillo LLC PR$6.0M · 0.02%
Vph Motor Corp PR$5.4M · 0.46%
Rooms to Go PR$5.3M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660418282 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.