MP2 Enterprises, LLC401(k)
MP2 ENTERPRISES, LLC 401(K) PROFIT SHARING PLAN AND TRUST · HURRICANE, UT · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
MP2 Enterprises, LLC reported $23,721 in plan administrative expenses for 2023: 4.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $477 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 1 year on file its reported administrative ratio rose from 1.84% to 4.04%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Utah (813th of 848), and 11,349th of 11,654 in professional & technical services. In 2023, employees put in $2.28 for every $1.00 the employer contributed.
MP2 Enterprises, LLC's 2023 employer contribution ran below the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 205296493 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.