Plan Ledger DOL Form 5500 · updated monthly

Moveero, Inc.401(k)

MOVEERO LTD. RETIREMENT PLAN · ARMSTRONG, IA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Moveero, Inc. reported $20,311 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,384 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 0.10% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 345th-largest of 878 plans among Iowa employers on file, and the 5,078th of 13,661 in manufacturing. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has shrunk from 222 to 173 since 2022.

Plan summary
Net assets, end of year$25,284,271
Participants with balances197
Active participants173
Employer contributions$412,450
Employee contributions$910,695
Employer contribution per active participant$2,384
Average account balance$128,347
Benefits paid to participants$2,482,504
Plan auditUnmodified (clean) audit opinion
AuditorBONS BENIC & ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.3M · 197 accts · $412K emplr
2023$23.7M · 211 accts · $407K emplr
2022$20.6M · 225 accts · $410K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,471
Investment management$7,840
Total administrative$20,311
The Moveero, Inc. 401(k) match · 2024
Employer contribution per active participant$2,384
Median for plans this size$2,416
2024$2,384 per active participant
2023$1,959 per active participant
2022$1,846 per active participant

Moveero, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,471
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,840

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$20,311 · 0.08%
2023$17,152 · 0.08%
2022$22,469 · 0.10%
Same employer
Similar plansManufacturing · Iowa
Dee Zee Incorporated IA$27.2M · 0.58%
Hirsh Industries Inc IA$27.0M · 0.36%
Owen Industries, Inc. IA$26.8M · 0.42%
Den Hartog Industries, Inc. IA$26.4M · 0.66%
Midwest Industries, Inc. IA$22.9M · 0.35%
Farmers Cooperative Society IA$22.3M · 0.41%
Deco Products Company Lllp IA$20.9M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420921728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.