Plan Snapshot
- Plan Sponsor: Mainspring Energy, INC.
- Sponsor EIN: 272430529
- Sponsor Address: 3601 HAVEN AVENUE, MENLO PARK, CA, 94025
- Plan Type: DC
- Total Participants: 475
- Total Assets: $23.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 475 | $23.0M | $0 | $4.2M |
| 2023 | 386 | $15.4M | $0 | $3.5M |
| 2022 | 326 | $9.4M | $0 | $2.6M |
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 |
|---|---|---|---|---|
| PENSIONMARK FINANCIAL GROUP, LLC | INVESTMENT/FINANCIAL ADVI | $45,374 | — | $45,374 |
| WEAVER & TIDWELL LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,374
- Estimated Expense Ratio: 0.197% 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 | $48,099 | $45,375 | — | — | — |
| 2023 | $30,347 | $28,434 | — | — | — |
| 2022 | $22,796 | — | — | — | — |