Plan Snapshot
- Plan Sponsor: Ivey Mechanical Company, LLC
- Sponsor EIN: 810584608
- Sponsor Address: P.O. BOX 610, KOSCIUSKO, MS, 39090
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 758
- Total Assets: $4.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 758 | $4.6M | $5.4M | $2.3M |
| 2023 | 734 | $3.1M | $4.9M | $2.2M |
| 2022 | 642 | $2.2M | $4.6M | $2.1M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MS | Other Service Provider | $1,812,080 | — | $1,812,080 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,812,080
- Estimated Expense Ratio: 39.258% 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 | $1,812,282 | — | $1,812,282 | — | — |
| 2023 | $1,677,561 | — | $1,677,561 | — | — |
| 2022 | $1,459,813 | — | $1,459,813 | — | — |