# Mai Wealth Management, INC. 401(k) Plan
Source: https://planprovider.pro/companies/mai-wealth-management-inc-401k-plan

> Mai Wealth Management, INC.'s 401(k) plan: 503 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mai Wealth Management, INC.

- **Sponsor EIN:** 271099169

- **Sponsor Address:** 6050 OAK TREE BLVD. SUITE 500, INDEPENDENCE, OH, 44131

- **Plan Type:** 401(k)

- **Total Participants:** 503

- **Total Assets:** $67.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|503|$67.7M|$2.0M|$5.3M|

| 2023|421|$46.8M|$1.7M|$4.3M|

| 2022|382|$35.6M|$1.3M|$3.2M|

## 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|

| VOYA RETIREMENT INSURANCE & ANNUITY|SERVICE PROVIDER|$18,567|$147|$18,714|

| CBIZ CPAS P.C.|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $18,714

- **Estimated Expense Ratio:** 0.028% 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|$18,567|$1,013|$16,854|—|—|

| 2023|$18,335|$331|$17,354|—|—|

| 2022|$26,733|—|—|—|—|

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