Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Mrcc Employee Benefits Fund
- Sponsor EIN: 383508105
- Sponsor Address: P.O. BOX 4540, TROY, MI, 480994540
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 6,618
- Total Assets: $111.2M
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 | 6,618 | $111.2M | $81.7M | $14.8M |
| 2023 | 5,654 | $94.8M | $76.8M | $13.7M |
| 2022 | 5,223 | $77.5M | $70.1M | $13.6M |
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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $1,554,978 | — | $1,554,978 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $175,906 | — | $175,906 |
| NOVARA, TESIJA & CATENACCI, PLLC | Other Service Provider | $174,210 | — | $174,210 |
| CARPENTERS FRINGE BENEFIT FUNDS JDC | Other Service Provider | $170,738 | — | $170,738 |
| ULLIANCE, INC. | Other Service Provider | $126,261 | — | $126,261 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $87,022 | — | $87,022 |
| MORGAN STANLEY GLOBAL BANKING | Other Service Provider | $71,766 | — | $71,766 |
| SALUS GROUP | Other Service Provider | $51,378 | — | $51,378 |
| BULTYNCK & CO., PLLC | Other Service Provider | $50,200 | — | $50,200 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | $46,277 | — | $46,277 |
| THE SEGAL COMPANY | Other Service Provider | $38,310 | — | $38,310 |
| NOVARA LAW GROUP | Other Service Provider | $19,571 | — | $19,571 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $18,400 | — | $18,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,585,017
- Estimated Expense Ratio: 2.324% 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 | $2,630,003 | $239,154 | $1,510,938 | $44,200 | — |
| 2023 | $2,472,968 | $192,543 | $1,453,158 | $42,950 | — |
| 2022 | $2,407,467 | $157,827 | $1,520,900 | — | $309,451 |