Department of Labor filing

MAJORKEY TECHNOLOGIES LLC

MAJORKEY TECHNOLOGIES LLC 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Jul 16, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

34filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$2,491

Reported employer contributions per active participant.

Higher than about 38% of comparable plans

#People in the filing

131

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$290 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 25% of comparable plans

↗Investment performance

Not available

Plan assets changed 106.8%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202434out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions38th percentileTypical peer $3,137 · based on 5,509 comparable plans

Lower reported administrative expense25th percentileTypical peer $173 · based on 5,672 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MAJORKEY TECHNOLOGIES LLC reported $326,340 in employer contributions across the plan and 131 active participants. That works out to $2,491 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy60%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 50.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 122.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context34/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $326,340
Participant contributions: $1,052,970
Other contributions: $50,822
Employer share of reported contributions: 23.7%
Beginning assets: $11,781,403
Ending assets: $24,362,824
Ending net assets: $24,362,824
Ending liabilities: $0
Total income: $3,058,117
Total expenses: $1,815,163
Administrative expenses: $41,400
Participant loans: $250,613

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$5,000

2023

$5,390

2024

$2,491

Plan-paid administrative expenses per participant

2022

$130

2023

$206

2024

$290

Active participants

2022

2023

2024

131

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,491	131	24.4M	20250716063340NAL0003874288001
2023	$5,390	68	11.8M	20240806124446NAL0004279504001
2022	$5,000	88	11.5M	20230726095427NAL0006414003001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 364268153-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2001
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D3H

Current plan terms

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Filing ACK_ID20250716063340NAL0003874288001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗