Plan Snapshot
- Plan Sponsor: Magneco/Metrel, INC
- Sponsor EIN: 341191723
- Sponsor Address: 740 WAUKEGAN ROAD, DEERFIELD, IL, 60015
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $28.9M
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 | 123 | $28.9M | $426,824 | $1.2M |
| 2023 | 138 | $25.6M | $720,566 | $1.1M |
| 2022 | 114 | $20.9M | $574,204 | $790,009 |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $6,678 | — | $6,678 |
| MOWERY & SCHOENFELD, LLC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- MOWERY & SCHOENFELD, LLC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,678
- Estimated Expense Ratio: 0.023% 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 | $8,591 | $6,678 | — | — | — |
| 2023 | $7,156 | $5,843 | — | — | — |
| 2022 | $492,090 | — | $257 | — | — |