Plan Ledger DOL Form 5500 · updated monthly

Municipal Operations & Consult401(k)

MUNICIPAL OPERATIONS & CONSULT 401(K) PROFIT SHARING PLAN & TRUST · CYPRESS, TX · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Municipal Operations & Consult reported $23,165 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $2,706 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 0.87% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Texas (3,693rd of 5,688), and 355th of 412 in utilities. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 157 to 192 since 2022.

Plan summary
Net assets, end of year$6,602,378
Participants with balances211
Active participants192
Employer contributions$519,592
Employee contributions$813,529
Employer contribution per active participant$2,706
Average account balance$31,291
Benefits paid to participants$250,393
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 211 accts · $520K emplr
2023$4.8M · 186 accts · $433K emplr
2022$3.3M · 164 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,520
Investment management$2,785
Trustee / custodial$860
Total administrative$23,165
The Municipal Operations & Consult 401(k) match · 2024
Employer contribution per active participant$2,706
Median for plans this size$1,313
2024$2,706 per active participant
2023$2,449 per active participant
2022$2,308 per active participant

Municipal Operations & Consult's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
PAYCHEX, INC. · Recordkeeping$15,985

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$23,165 · 0.41%
2023$18,511 · 0.46%
2022$28,262 · 0.87%
Similar plansUtilities · Texas
Plus Power Services LLC TX$7.8M · 0.09%
Catalyze, LLC TX$6.4M · 0.43%
Biourja Renewables, LLC TX$5.2M · 1.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 043656117 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.