# Manhattan Telecommunications Corp. 401(k) Plan
Source: https://planprovider.pro/companies/manhattan-telecommunications-corp-401k-plan-001

> Manhattan Telecommunications Corp.&#39;s 401(k) plan: 472 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Manhattan Telecommunications Corp.

- **Sponsor EIN:** 510374236

- **Sponsor Address:** 55 WATER STREET, NEW YORK, NY, 10041

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

- **Total Participants:** 472

- **Total Assets:** $33.9M

## 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|472|$33.9M|$1.1M|$3.2M|

| 2023|430|$26.0M|$937,421|$2.9M|

| 2022|403|$18.3M|$839,396|$2.4M|

## 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|

| USI CONSULTING GROUP|RECORDKEEPER|$5,440|$10,007|$15,447|

| CHARLES SCHWAB TRUST BANK|NONE|—|$8,473|$8,473|

| CBIZ CPAS P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CHARLES SCHWAB TRUST BANK](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $23,920

- **Estimated Expense Ratio:** 0.070% 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|$5,494|$5,494|—|—|—|

| 2023|$6,080|$6,080|—|—|—|

| 2022|$3,335|—|$3,335|—|—|

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