Plan Ledger DOL Form 5500 · updated monthly

Murgado Motor Werks LLC401(k)

MOTOR WERKS 401(K) PLAN · BARRINGTON, IL · plan year 2023

Reported admin expense ratio · 2023
0.07%

Murgado Motor Werks LLC reported $9,872 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. 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 0.07% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Illinois (1,993rd of 3,702), and the 1,911th of 5,215 in retail trade.

Plan summary
Net assets, end of year$14,943,285
Participants with balances321
Active participants272
Employer contributions—
Employee contributions$2,012,839
Employer contribution per active participant—
Average account balance$46,552
Benefits paid to participants$1,501,624
Plan auditUnmodified (clean) audit opinion
AuditorPAAST, P.L.
Plan history2
Yearassets · accounts · employer contribution
2024$1K · 1 accts
2023$14.9M · 321 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,872
Total administrative$9,872
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,872
HIGHTOWER SECURITIES LLC · Other servicesindirect comp

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

Administrative cost history2
2024$11,084 · 0.15%
2023$9,872 · 0.07%
Same employer
Similar plansRetail Trade · Illinois
Russo Hardware Inc IL$15.5M · 0.39%
Graham C-Stores Company IL$15.3M · 0.08%
Raymond Chevrolet, Inc. IL$14.9M · 0.44%
Highland Park Motors, Inc. IL$14.9M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 921197270 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.