Plan Ledger DOL Form 5500 · updated monthly

Proof of the Pudding by Mgr, Inc.401(k)

PROOF OF THE PUDDING BY MGR INC 401K PLAN · ATLANTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.74%

Proof of the Pudding by Mgr, Inc. reported $25,366 in plan administrative expenses for 2023: 0.74% of average plan assets, above the peer median. 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 rose from 0.69% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Georgia (1,752nd of 2,160), and the 1,065th of 2,240 in accommodation & food services. active participation has grown from 183 to 202 since 2022.

Plan summary
Net assets, end of year$3,717,403
Participants with balances104
Active participants202
Employer contributions—
Employee contributions$288,971
Employer contribution per active participant—
Average account balance$35,744
Benefits paid to participants$77,114
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 64 accts · $165 emplr
2023$3.7M · 104 accts
2022$3.1M · 111 accts · $286 emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,287
Investment management$13,929
Total administrative$25,366
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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$789
APRIO WEALTH MANAGEMENT, LLC · Investment advisory (participants)$13,929

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$26,895 · 0.78%
2023$25,366 · 0.74%
2022$23,200 · 0.69%
Same employer
Similar plansAccommodation & Food Services · Georgia
Avants Operations, LLC GA$4.0M · 0.89%
Falcons Management LLC GA$3.3M · 0.81%
Fado Pubs, Inc GA$3.3M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581752963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.