Plan Snapshot
- Plan Sponsor: Marketing Association For Rehabilitation Centers INC
- Sponsor EIN: 592116568
- Sponsor Address: P.O. BOX 7, HAZELWOOD, NC, 28738
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 587
- Total Assets: $187,774
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 587 | $187,774 | $4.8M | $0 |
| 2023 | 635 | $527,051 | $5.0M | $0 |
| 2022 | 676 | $200,561 | $4.9M | $0 |
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 |
|---|---|---|---|---|
| BENEFIT SOLUTIONS, INC. | Other Service Provider | $33,424 | — | $33,424 |
| CARTER, P.C. | Other Service Provider | $10,826 | — | $10,826 |
| RAY, BUMGARNER, KINGSHILL & ASSOC. | Other Service Provider | $8,265 | — | $8,265 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,515
- Estimated Expense Ratio: 27.967% 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 | $59,133 | — | $33,424 | — | — |
| 2023 | $58,549 | — | $35,684 | — | — |
| 2022 | $60,163 | — | $36,867 | — | $16,712 |