Plan Ledger DOL Form 5500 · updated monthly

Mpf Federal LLC401(k)

MPF FEDERAL LLC 401(K) PLAN · GAITHERSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Mpf Federal LLC reported $12,132 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,353 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 0.85% to 0.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,187th of 1,671), and 9,313th of 11,654 in professional & technical services. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has shrunk from 459 to 372 since 2022.

Plan summary
Net assets, end of year$6,194,517
Participants with balances256
Active participants372
Employer contributions$503,473
Employee contributions$1,064,725
Employer contribution per active participant$1,353
Average account balance$24,197
Benefits paid to participants$1,300,167
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 256 accts · $503K emplr
2023$4.9M · 270 accts · $534K emplr
2022$3.1M · 267 accts · $520K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,132
Total administrative$12,132
The Mpf Federal LLC 401(k) match · 2024
Employer contribution per active participant$1,353
Median for plans this size$1,313
2024$1,353 per active participant
2023$1,267 per active participant
2022$1,132 per active participant

Mpf Federal LLC's 2024 employer contribution ran above 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$39,468

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$12,132 · 0.22%
2023$30,351 · 0.76%
2022$21,092 · 0.85%
Same employer
Similar plansProfessional & Technical Services · Maryland
Highrise Consulting, Inc MD$6.3M · 0.30%
A Square Group MD$6.2M · 0.72%
Apisource, Inc. MD$6.2M · 0.29%
Blue Corona, Inc. MD$6.1M · 0.48%
Pm Consulting Group, LLC MD$6.1M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455444804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.