Plan Ledger DOL Form 5500 · updated monthly

Zapi Inc.401(k)

ZAPI INC. DBA INMOTION 401(K) PLAN · GARNER, NC · plan year 2023

Reported admin expense ratio · 2023
0.66%

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

Zapi Inc. reported $30,934 in plan administrative expenses for 2023: 0.66% of average plan assets, above the peer median. Employer contributions averaged $2,216 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 1 year on file its reported administrative ratio fell from 0.70% to 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,435th of 2,005), and 11,052nd of 13,661 in manufacturing. In 2023, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,305,158
Participants with balances164
Active participants138
Employer contributions$305,751
Employee contributions$640,570
Employer contribution per active participant$2,216
Average account balance$32,349
Benefits paid to participants$505,861
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$5.3M · 164 accts · $306K emplr
2022$4.1M · 152 accts · $200K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,595
Investment management$1,339
Total administrative$30,934
The Zapi Inc. 401(k) match · 2023
Employer contribution per active participant$2,216
Median for plans this size$1,308
2023$2,216 per active participant
2022$1,584 per active participant

Zapi Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK · Recordkeeping · Loan processing$30,070

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

Administrative cost history2
2023$30,934 · 0.66%
2022$30,028 · 0.70%
Same employer
Similar plansManufacturing · North Carolina
Niox Inc. NC$5.4M · 0.58%
Printful, Inc. NC$5.4M · 0.89%
Beverly Knits Inc. NC$5.3M · 0.19%
Vinventions USA, LLC. NC$5.3M · 0.11%
3FISH, Inc. NC$5.2M · 0.78%
Sturdy Corporation NC$5.2M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562090732 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.