Plan Snapshot
- Plan Sponsor: Madix, INC.
- Sponsor EIN: 751094810
- Sponsor Address: P.O. BOX 729, TERRELL, TX, 75160
- Plan Type: 401(k)
- Total Participants: 2,389
- Total Assets: $72.9M
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 | 2,389 | $72.9M | $2.1M | $3.8M |
| 2023 | 1,660 | $67.9M | $2.0M | $3.7M |
| 2022 | 1,687 | $60.6M | $1.8M | $3.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $95,343 | — | $95,343 |
| WELLS FARGO CLEARING SERVICES LLC | ADVISOR | $46,839 | — | $46,839 |
| MORGAN STANLEY SMITH BARNEY LLC | INVESTMENT ADVISOR | $46,624 | — | $46,624 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $25,830 | — | $25,830 |
| JAMISONMONEYEFARMER PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MORGAN STANLEY SMITH BARNEY LLC — INVESTMENT ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $214,636
- Estimated Expense Ratio: 0.294% 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 | $214,636 | — | — | — | — |
| 2023 | $188,405 | — | — | — | — |
| 2022 | $197,593 | $21,121 | — | — | — |