Plan Ledger DOL Form 5500 · updated monthly

Motorsports of Melbourne Inc.401(k)

MOTORSPORTS OF MELBOURNE INC. 401(K) PLAN · PALM CITY, FL · plan year 2022

Reported admin expense ratio · 2022
6.41%

Motorsports of Melbourne Inc. reported $15,747 in plan administrative expenses for 2022: 6.41% of average plan assets, higher than ~90% of peers. 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 retail trade employers. By assets it is among the smaller plans on file in Florida (3,560th of 3,644), and 5,118th of 5,215 in retail trade.

Plan summary
Net assets, end of year$269,846
Participants with balances163
Active participants481
Employer contributions—
Employee contributions$230,848
Employer contribution per active participant—
Average account balance$1,655
Benefits paid to participants$109,418
Plan auditUnmodified (clean) audit opinion
AuditorSHARFF WITTMER KURTZ JACKSON & DIAZ
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$270K · 163 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$15,037
Investment management$710
Total administrative$15,747
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 history2
2023Not separately reported
2022$15,747 · 6.41%
Similar plansRetail Trade · Florida
Lorenzo Enterprises Corp FL$588K · 0.13%
Mortons Gourmet, Inc. FL$314K · 0.45%
Mattrob, Inc FL$172K · 2.47%
New Sgc LLC FL$147K · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591995923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.