Plan Snapshot
- Plan Sponsor: Madison Logic, INC.
- Sponsor EIN: 201405996
- Sponsor Address: 257 PARK AVE SOUTH 2ND FLOOR, NEW YORK, NY, 10010
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $14.4M
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 | 179 | $14.4M | $476,973 | $2.1M |
| 2023 | 186 | $11.3M | $478,534 | $2.1M |
| 2022 | 208 | $7.7M | $455,067 | $1.7M |
| 2012 | 39 | $195,891 | $0 | $61,674 |
| 2011 | 10 | $121,609 | $0 | $76,396 |
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 |
|---|---|---|---|---|
| LM COHEN AND CO | 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 | $60,951 | $34,327 | — | — | — |
| 2023 | $28,710 | $24,395 | — | — | — |
| 2022 | $23,700 | $1,679 | — | — | — |
| 2012 | — | — | — | — | — |
| 2011 | — | — | — | — | — |