# Macon Program For Progress, INC. 401(k) Plan
Source: https://planprovider.pro/companies/macon-program-for-progress-inc-566065297-002

> Macon Program For Progress, INC.'s 401(k) plan: 105 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Macon Program For Progress, INC.

- **Sponsor EIN:** 566065297

- **Sponsor Address:** PO BOX 700, FRANKLIN, NC, 28734

- **Plan Type:** 401(k)

- **Plan Number:** 002

- **Total Participants:** 105

- **Total Assets:** $2.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|105|$2.9M|$113,097|$110,619|

| 2023|105|$3.0M|$122,301|$114,668|

| 2022|89|$2.7M|$111,648|$119,573|

## 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|

| LPL FINANCIAL CORPORATION|Other Service Provider|—|$8,401|$8,401|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $8,401

- **Estimated Expense Ratio:** 0.291% 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|$31,825|—|$31,825|—|—|

| 2023|$5,863|—|$5,863|—|—|

| 2022|$6,049|—|$6,049|—|—|

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