Plan Ledger DOL Form 5500 · updated monthly

Movable Inc.401(k)

MOVABLE INK 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Movable Inc. reported $57,201 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,042 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 0.26% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,871st-largest of 5,648 plans among New York employers on file, and the 3,969th of 11,654 in professional & technical services. In 2024, employees put in $10.37 for every $1.00 the employer contributed; active participation has shrunk from 449 to 399 since 2022.

Plan summary
Net assets, end of year$31,869,264
Participants with balances527
Active participants399
Employer contributions$415,628
Employee contributions$4,310,158
Employer contribution per active participant$1,042
Average account balance$60,473
Benefits paid to participants$1,471,743
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 527 accts · $416K emplr
2023$24.1M · 492 accts · $437K emplr
2022$17.6M · 569 accts · $476K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,875
Investment management$51,326
Total administrative$57,201
The Movable Inc. 401(k) match · 2024
Employer contribution per active participant$1,042
Median for plans this size$2,416
2024$1,042 per active participant
2023$1,138 per active participant
2022$1,060 per active participant

Movable Inc.'s 2024 employer contribution ran below the $2,416 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
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$57,198

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$57,201 · 0.20%
2023$51,748 · 0.25%
2022$41,628 · 0.26%
Same employer
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Ahmuty, Demers & McManus NY$33.7M · 0.49%
Ladas & Parry NY$33.2M · 0.02%
G & S Communications Inc. NY$31.6M · 0.33%
Sandata Technologies, LLC NY$31.6M · 0.37%
Exiger, LLC NY$31.3M · 0.04%
Adtheorent Inc NY$31.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272313920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.