Plan Snapshot
- Plan Sponsor: Madison Energy Solutions Corporation
- Sponsor EIN: 821975472
- Sponsor Address: 12950 S KIRKWOOD STE 160, STAFFORD, TX, 77477
- Plan Type: 401(k)
- Total Participants: 103
- Total Assets: $7.7M
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 | 103 | $7.7M | $465,263 | $678,682 |
| 2023 | 93 | $7.0M | $288,888 | $683,573 |
| 2022 | 95 | $6.0M | $0 | $569,798 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $41,877 | — | $41,877 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $29,125 | — | $29,125 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $10,733 | — | $10,733 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,735
- Estimated Expense Ratio: 1.059% 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 | $81,735 | $52,610 | — | — | — |
| 2023 | $67,771 | $42,756 | — | — | — |
| 2022 | $88,586 | — | $88,586 | — | — |