Plan Snapshot
- Plan Sponsor: Marine Systems Corporation
- Sponsor EIN: 042526598
- Sponsor Address: 23 DRYDOCK AVE., STE 620W, BOSTON, MA, 022102122
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $8.8M
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 | 163 | $8.8M | $124,700 | $799,673 |
| 2023 | 154 | $7.9M | $36,677 | $701,318 |
| 2022 | 137 | $6.4M | $41,522 | $687,455 |
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 |
|---|---|---|---|---|
| R.A. HALL & CO., LLC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $67,279 | $33,317 | $33,962 | — | — |
| 2023 | $57,731 | $27,985 | $29,746 | — | — |
| 2022 | $54,329 | $25,715 | $28,614 | — | — |