Motivate LLC 401(k) Review & Grade
Motivate, LLC 401(k) Plan
New York, NYTransportation & Warehousing1,009 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$681Employer $ per active participant
$1,460Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$17.1MNet plan assets, end of year
$26,032Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 16th |
| Employee saving | 22th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Motivate put in about $681 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.63% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $687,479 |
| Participant (employee) contributions | $1,473,540 |
| Other contributions (incl. rollovers in) | $38,547 |
| Administrative expenses paid from the plan | $99,332 |
| Investment advisory & management fees | $11,045 |
| Benefits paid out | $1,877,444 |
| Net assets, start / end of year | $14.6M / $17.1M |
| Active participants, start / end of year | 1,192 / 826 |
| Participants with account balances | 658 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $88,287 reported compensation |
| Usi Advisors Inc | $11,045 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014124526NAL0003967216001, received 2025-10-14, EIN 35-2632871, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.