Plan Snapshot
- Plan Sponsor: Marine Military Academy, INC.
- Sponsor EIN: 741507957
- Sponsor Address: 320 IWO JIMA BLVD., HARLINGEN, TX, 785503627
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $13.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 102 | $13.7M | $245,067 | $454,231 |
| 2023 | 102 | $12.3M | $266,154 | $468,534 |
| 2022 | 102 | $12.1M | $228,829 | $475,451 |
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 | $14,945 | — | $14,945 |
| PENSIONMARK FINANCIAL GROUP, LLC | Investment Advisor | — | $8,302 | $8,302 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,247
- Estimated Expense Ratio: 0.170% 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 | $16,060 | — | $14,945 | — | — |
| 2023 | $12,779 | — | $12,779 | — | — |
| 2022 | $5,001 | $5,001 | — | — | — |