Plan Snapshot
- Plan Sponsor: Mar-Bal, INC.
- Sponsor EIN: 341059601
- Sponsor Address: 10095 QUEENS WAY, CHAGRIN FALLS, OH, 44023
- Plan Type: 401(k)
- Total Participants: 402
- Total Assets: $20.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 402 | $20.9M | $596,836 | $1.2M |
| 2023 | 401 | $17.2M | $522,048 | $1.1M |
| 2022 | 371 | $13.5M | $450,043 | $913,116 |
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 INSURANCE CO OF AME | Recordkeeper | $132,138 | — | $132,138 |
| AMERIPRISE FINANCIAL SERVICES LLC | Investment Advisor | — | $47,866 | $47,866 |
| CBIZ BENEFITS & INS SERVICES INC | Other Service Provider | — | $10,000 | $10,000 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Other Service Provider | $8,391 | — | $8,391 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $198,395
- Estimated Expense Ratio: 0.948% 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 | $131,492 | $8,391 | — | — | — |
| 2023 | $106,982 | $7,976 | — | $3,300 | — |
| 2022 | $94,525 | — | $94,525 | — | — |