Plan Snapshot
- Plan Sponsor: Malca-Amit North America, INC.
- Sponsor EIN: 133042269
- Sponsor Address: 580 5TH AVE LOBBY #1, NEW YORK, NY, 100364701
- Plan Type: 401(k)
- Total Participants: 502
- Total Assets: $18.5M
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 | 502 | $18.5M | $405,341 | $982,798 |
| 2023 | 140 | $15.1M | $374,990 | $884,001 |
| 2022 | 434 | $14.2M | $246,694 | $703,906 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $33,357 | — | $33,357 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $6,357 | — | $6,357 |
| KKM CPA ASSOCIATES PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,714
- Estimated Expense Ratio: 0.214% 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 | $39,714 | $6,357 | — | — | — |
| 2023 | $27,847 | — | — | — | — |
| 2022 | $37,696 | $22,217 | $14,536 | — | — |