Plan Snapshot
- Plan Sponsor: Masonry Reinforcing Corporation
- Sponsor EIN: 561117978
- Sponsor Address: 400 ROUNTREE ROAD, CHARLOTTE, NC, 28217
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $16.2M
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 | 173 | $16.2M | $264,941 | $773,396 |
| 2023 | 157 | $14.7M | $248,197 | $724,321 |
| 2022 | 157 | $12.4M | $236,407 | $678,356 |
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 |
|---|---|---|---|---|
| TAGSTONE CAPITAL, INC. | Investment Advisor | $26,127 | — | $26,127 |
| ADP, INC. | Recordkeeper | $12,687 | — | $12,687 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,814
- Estimated Expense Ratio: 0.239% 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 | $38,814 | $26,127 | — | — | — |
| 2023 | $31,610 | $22,816 | — | — | — |
| 2022 | $31,703 | — | — | — | — |