Plan Snapshot
- Plan Sponsor: Manganaro North America, INC.
- Sponsor EIN: 842403043
- Sponsor Address: 6405-D AMMENDALE ROAD, BELTSVILLE, MD, 20705
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $17.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 143 | $17.6M | $246,310 | $1.1M |
| 2023 | 122 | $15.2M | $182,519 | $972,147 |
| 2022 | 99 | $13.9M | $157,864 | $898,006 |
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 |
|---|---|---|---|---|
| SENTINEL PENSION ADVISORS | NONE | $40,122 | — | $40,122 |
| SENTINEL BENEFITS GROUP, LLC | NONE | $29,232 | — | $29,232 |
| NATIONAL FINANCIAL SERVICES | NONE | $7,120 | — | $7,120 |
| ELLIN & TUCKER, CHARTERED | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL PENSION ADVISORS — NONE
- SENTINEL BENEFITS GROUP, LLC — NONE
- ELLIN & TUCKER, CHARTERED — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,474
- Estimated Expense Ratio: 0.435% 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 | $77,970 | $40,122 | — | — | — |
| 2023 | $65,815 | $34,501 | — | — | — |
| 2022 | $66,684 | $34,928 | — | — | $31,756 |