Plan Snapshot
- Plan Sponsor: Motive Technologies INC.
- Sponsor EIN: 462330361
- Sponsor Address: 55 HAWTHORNE ST, SUITE #400, SAN FRANCISCO, CA, 94105
- Plan Type: 401(k)
- Total Participants: 927
- Total Assets: $62.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 927 | $62.2M | $1.5M | $11.4M |
| 2023 | 837 | $40.7M | $1.5M | $9.6M |
| 2022 | 860 | $25.8M | $1.3M | $8.9M |
| 2020 | 436 | $10.6M | $0 | $0 |
| 2019 | 664 | $6.1M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $210,146 | — | $210,146 |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $64,743 | — | $64,743 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $40,213 | — | $40,213 |
| BPM LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BPM LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $315,102
- Estimated Expense Ratio: 0.507% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $315,102 | $104,956 | — | — | — |
| 2023 | $248,093 | $102,882 | — | — | — |
| 2022 | $160,766 | $71,434 | $89,332 | — | — |
| 2020 | $48,158 | $23,385 | $24,773 | — | — |
| 2019 | $14,992 | $12,229 | $1,050 | — | — |