Plan Ledger DOL Form 5500 · updated monthly

Proud Moments Mso LLC401(k)

PROUD MOMENTS MSO LLC 401(K) PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
3.46%

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

Proud Moments Mso LLC reported $385,614 in plan administrative expenses for 2023: 3.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $544 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 3.77% to 3.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,091st of 5,648), and the 4,709th of 11,911 in health care & social assistance. In 2023, employees put in $2.10 for every $1.00 the employer contributed; active participation has shrunk from 3,777 to 3,251 since 2021.

Plan summary
Net assets, end of year$13,903,357
Participants with balances2,662
Active participants3,251
Employer contributions$1,767,492
Employee contributions$3,708,306
Employer contribution per active participant$544
Average account balance$5,223
Benefits paid to participants$1,984,865
Plan auditUnmodified (clean) audit opinion
AuditorHMM & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2023$13.9M · 2,662 accts · $1.8M emplr
2022$8.4M · 3,674 accts · $1.7M emplr
2021$5.0M · 2,798 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$385,614
Total administrative$385,614
The Proud Moments Mso LLC 401(k) match · 2023
Employer contribution per active participant$544
Median for plans this size$2,440
2023$544 per active participant
2022$642 per active participant
2021$370 per active participant

Proud Moments Mso LLC's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$385,614

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

Administrative cost history3
2023$385,614 · 3.46%
2022$277,382 · 4.13%
2021$189,091 · 3.77%
Similar plansHealth Care & Social Assistance · New York
The Doe Fund, Inc. NY$13.8M · 0.70%
Cds Life Transitions NY$13.8M · 0.62%
Transitional Services, Inc. NY$13.8M · 0.03%
Understood for All, Inc. NY$13.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814946597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.