Plan Ledger DOL Form 5500 · updated monthly

Mvc Mso LLC401(k)

MVC MSO LLC 401(K) PROFIT SHARING PLAN & TRUST · WEST BLOOMFIELD, MI · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Mvc Mso LLC reported $10,395 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $850 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 4 years on file its reported administrative ratio fell from 0.94% to 0.32%. 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 Michigan (2,126th of 2,619), and 10,160th of 11,654 in professional & technical services. In 2024, employees put in $3.20 for every $1.00 the employer contributed; active participation has grown from 59 to 337 since 2020.

Plan summary
Net assets, end of year$4,022,219
Participants with balances220
Active participants337
Employer contributions$286,483
Employee contributions$917,387
Employer contribution per active participant$850
Average account balance$18,283
Benefits paid to participants$151,365
Plan auditUnmodified (clean) audit opinion
AuditorSKILLMAN GROUP PLC
Plan history4
Yearassets · accounts · employer contribution
2024$4.0M · 220 accts · $286K emplr
2022$1.1M · $118K emplr
2021$865K · 66 accts · $57K emplr
2020$565K · 60 accts · $79K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,944
Investment management$562
Trustee / custodial$860
Total administrative$10,395
The Mvc Mso LLC 401(k) match · 2024
Employer contribution per active participant$850
Median for plans this size$1,313
2024$850 per active participant
2022$1,033 per active participant
2021$581 per active participant
2020$1,333 per active participant

Mvc Mso LLC's 2024 employer contribution ran below 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
PAYCHEX, INC. · Recordkeeping$9,036

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

Administrative cost history4
2024$10,395 · 0.32%
2022$3,987 · 0.40%
2021$3,181 · 0.44%
2020$4,094 · 0.94%
Same employer
Similar plansProfessional & Technical Services · Michigan
Vickers Engineering, Inc. MI$4.2M · 1.24%
Cislo Title Company MI$4.1M · 1.10%
Telnet Worldwide, Inc. MI$4.1M · 1.31%
Powder Cote II, Inc. MI$3.7M · 0.59%
24G, LLC MI$3.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821651632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.