Plan Snapshot
- Plan Sponsor: Marc Glassman, INC.
- Sponsor EIN: 341259106
- Sponsor Address: 5841 WEST 130TH STREET, CLEVELAND, OH, 44130
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 947
- Total Assets: $34.4M
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. |
|---|---|---|---|---|
| 2025 | 947 | $34.4M | $0 | $0 |
| 2024 | 865 | $31.6M | $252,057 | $1.5M |
| 2023 | 839 | $30.4M | $227,205 | $1.5M |
| 2022 | 908 | $26.9M | $232,907 | $1.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $62,358 | — | $62,358 |
| HIGHLAND CONSULTING ASSOCIATES, INC | Other Service Provider | $25,163 | — | $25,163 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,521
- Estimated Expense Ratio: 0.254% 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 |
|---|---|---|---|---|---|
| 2025 | $3,912,698 | — | $62,358 | — | — |
| 2024 | $79,420 | — | $41,669 | — | — |
| 2023 | $72,367 | — | $45,361 | — | — |
| 2022 | $88,788 | — | $71,724 | — | $17,064 |