Plan Snapshot
- Plan Sponsor: Manafort Brothers, INC.
- Sponsor EIN: 060619109
- Sponsor Address: 414 NEW BRITAIN AVENUE, PLAINVILLE, CT, 06062
- Plan Type: 401(k)
- Total Participants: 199
- Total Assets: $39.6M
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 | 199 | $39.6M | $615,534 | $2.0M |
| 2023 | 184 | $35.4M | $551,419 | $1.8M |
| 2022 | 168 | $28.4M | $496,352 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $48,037 | — | $48,037 |
| REDHAWK WEALTH ADVISORS, INC. | Investment Advisor | $36,628 | — | $36,628 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,710 | — | $11,710 |
| PENSION CONSULTANTS, INC. | Other Service Provider | — | $10,000 | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,375
- Estimated Expense Ratio: 0.269% 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 | $96,375 | — | — | — | — |
| 2023 | $108,085 | — | — | — | — |
| 2022 | $70,633 | — | — | — | $70,633 |