Plan Snapshot
- Plan Sponsor: Mahoney Foundries, INC.
- Sponsor EIN: 351308114
- Sponsor Address: 209 W OHIO ST, KENDALLVILLE, IN, 467552015
- Plan Type: 401(k)
- Total Participants: 387
- Total Assets: $7.0M
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 | 387 | $7.0M | $321,056 | $575,106 |
| 2023 | 346 | $6.1M | $310,325 | $540,258 |
| 2022 | 166 | $4.7M | $288,615 | $498,291 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $55,740 | — | $55,740 |
| LPL FINANCIAL LLC - RPCP | Investment Advisor | $16,543 | $6 | $16,549 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,289
- Estimated Expense Ratio: 1.025% 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 | $72,286 | $16,546 | $55,740 | — | — |
| 2023 | $57,113 | $12,849 | $44,264 | — | — |
| 2022 | $51,074 | $11,276 | $39,798 | — | — |