Plan Snapshot
- Plan Sponsor: Movate INC.
- Sponsor EIN: 912006027
- Sponsor Address: 5600 TENNYSON PARKWAY, PLANO, TX, 75024
- Plan Type: 401(k)
- Total Participants: 467
- Total Assets: $5.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 467 | $5.0M | $0 | $961,163 |
| 2023 | 390 | $4.2M | $0 | $999,107 |
| 2022 | 406 | $3.0M | $0 | $864,475 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $40,548 | — | $40,548 |
| WICK CAPITAL PARTNERS | NONE | $22,264 | — | $22,264 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,812
- Estimated Expense Ratio: 1.263% 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 | $40,548 | $30,776 | — | — | — |
| 2023 | $80,570 | $16,932 | — | — | — |
| 2022 | $54,608 | $14,114 | — | — | — |