Plan Snapshot
- Plan Sponsor: Madison Services Group, LLC
- Sponsor EIN: 020625842
- Sponsor Address: 3715 NORTHSIDE PARKWAY,, ATLANTA, GA, 30327
- Plan Type: 401(k)
- Total Participants: 3,415
- Total Assets: $19.2M
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 | 3,415 | $19.2M | $509,480 | $3.0M |
| 2023 | 2,936 | $15.5M | $348,193 | $2.7M |
| 2022 | 2,536 | $11.7M | $294,775 | $2.2M |
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 |
|---|---|---|---|---|
| COULTER & JUSTUS | Auditor | $6,500 | — | $6,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,500
- Estimated Expense Ratio: 0.034% 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 | $199,465 | — | $69,433 | $6,500 | — |
| 2023 | $161,495 | — | — | — | — |
| 2022 | $137,486 | — | $137,486 | — | — |