Plan Snapshot
- Plan Sponsor: Mansfield Engineered Components, INC.
- Sponsor EIN: 341550965
- Sponsor Address: 1776 HARRINGTON MEMORIAL ROAD, MANSFIELD, OH, 44903
- Plan Type: 401(k)
- Total Participants: 135
- Total Assets: $6.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 135 | $6.9M | $126,543 | $278,151 |
| 2023 | 142 | $6.3M | $206,095 | $306,141 |
| 2022 | 164 | $5.2M | $195,776 | $295,693 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $19,071 | — | $19,071 |
| TRINITY PENSION CONSULTANTS INC | Other Service Provider | $8,370 | $3,068 | $11,438 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,509
- Estimated Expense Ratio: 0.445% 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 | $57,166 | — | $57,166 | — | — |
| 2023 | $59,711 | — | $59,711 | — | — |
| 2022 | $41,152 | — | $41,152 | — | — |