California › Administrative and support and waste management services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Movement for Life Employee Stock Ownership Plan
Sponsored by Movement for Life, Inc., San Luis Obispo, CA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Movement for Life Employee Stock Ownership Plan covered 193 participants and held $8.3M in net assets. The plan is an employee stock ownership plan sponsored by Movement for Life, Inc. of San Luis Obispo, California.
Net assets came to $43,256 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $24,581 median for defined contribution plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $630K during the year, or $3,265 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $153K.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $15K in 2015 to $8.3M in 2024 (up 55553%), and participants from 188 to 193 (up 3%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $43,256 | $60,185 | $24,581 | $53,102 |
| Employer contributions per active participant | $3,265 | $2,447 | $1,302 | $2,175 |
| Schedule C compensation per participant | — | $194 | $98.48 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.44% | 0.26% |
| Administrative expenses per participant | — | $176 | $95.90 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), administrative and support and waste management services (1,682) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 193 | $8.3M | $43,254 | $630K | — | $0 |
| 2023 | 322 | $8.0M | $24,770 | $681K | — | $0 |
| 2022 | 286 | $7.0M | $24,531 | $681K | — | $0 |
| 2021 | 382 | $7.9M | $20,594 | $681K | — | $0 |
| 2020 | 365 | $5.7M | $15,507 | $1.3M | $0 | $0 |
| 2019 | 344 | $3.2M | $9,259 | $735K | $0 | $0 |
| 2018 | 313 | $2.7M | $8,540 | $696K | $0 | $0 |
| 2017 | 266 | $1.7M | $6,305 | $362K | $0 | $0 |
| 2016 | 219 | $566K | $2,584 | $732K | — | $0 |
| 2015 | 188 | $15K | $80 | $1.1M | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$7,975,732
- Employer contributions$630,089
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$630,089
- Total income, including investment results$530,016
- Benefits paid$153,452
- Administrative expenses$0
- Total expenses$157,285
- Net income$372,731
- Net transfers$0
- Net assets, end of year$8,348,463
Participants
- Active participants193
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits0
- Participants with account balances150
- Total participants, end of year193
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$7.8M · 93.4%
- Receivables$404K · 4.8%
- Cash (interest and non-interest bearing)$144K · 1.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCaliber Audit & Attest, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2IStock bonus2PLeveraged ESOP2QThe employer maintaining this ESOP is an S corporation3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561110: Office Administrative Services.
Other plans of Movement for Life, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Movement for Life 401(k) Profit Sharing Plan | 314 | $15.2M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Enhanced Revenue Solutions 401(k) Plan | Enhanced Revenue Solutions | 197 | $1.4M | $7,251 |
| Oakland Venue Management, Inc. 401(k) Plan | Oakland Venue Management, Inc. | 187 | $1.0M | $5,488 |
| Chiro, Inc. Employee Stock Ownership Plan | Chiro, Inc. | 200 | −$1.5M | — |
| Security Signal Devices, Inc. 401(k) Plan | Security Signal Devices, Inc. | 186 | $8.7M | $46,850 |
| ABC Security Service, Inc. Profit Sharing Plan | ABC Security Service, Inc. | 203 | $1.1M | $5,490 |
| Harold Jones Landscape, Inc. 401(k) P/s Plan Trust | Harold Jones Landscape, Inc. | 185 | $5.1M | $27,766 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Movement for Life Employee Stock Ownership Plan?
193 participants at the end of the plan year ending 31 Dec 2024, of whom 193 were active employees, with net assets of $8,348,463. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Movement for Life, Inc. contribute per participant?
The filing reports $630,089 in employer contributions for the year, which is $3,265 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Movement for Life, Inc.. The financial statements were audited by Caliber Audit & Attest, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 47-2488383, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.