Plan Snapshot
- Plan Sponsor: Madison Acquisition Group LLC
- Sponsor EIN: 271109369
- Sponsor Address: 35 MONTAUK HWY, SOUTHAMPTON, NY, 119684122
- Plan Type: 401(k)
- Total Participants: 895
- Total Assets: $19.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 895 | $19.7M | $0 | $3.3M |
| 2023 | 908 | $15.7M | $0 | $3.3M |
| 2022 | 891 | $10.1M | $0 | $2.7M |
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 | ADVISOR | $84,946 | — | $84,946 |
| PAYCHEX, INC. | RECORDKEEPER | $40,691 | — | $40,691 |
| WEINER LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,637
- Estimated Expense Ratio: 0.637% 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 | $128,127 | $84,946 | $42,321 | — | — |
| 2023 | $90,494 | $59,461 | $30,173 | — | — |
| 2022 | $66,736 | $44,043 | $22,693 | — | — |