Plan Snapshot
- Plan Sponsor: Mackay Communications, INC.
- Sponsor EIN: 561550100
- Sponsor Address: 3691 TRUST DRIVE, RALEIGH, NC, 276162955
- Plan Type: DB
- Total Participants: 151
- Total Assets: $33.0M
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 | 151 | $33.0M | $275,000 | $0 |
| 2023 | 142 | $28.8M | $660,000 | $0 |
| 2022 | 134 | $24.9M | $750,000 | $0 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $65,442 | — | — | — | — |
| 2023 | $54,582 | — | — | — | — |
| 2022 | $54,720 | — | — | — | $54,720 |