Plan Snapshot
- Plan Sponsor: Maspeth Welding INC.
- Sponsor EIN: 112424307
- Sponsor Address: 59-30 54TH STREET, MASPETH, NY, 11378
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $8.7M
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. |
|---|---|---|---|---|
| 2024 | 130 | $8.7M | $199,989 | $652,543 |
| 2023 | 187 | $9.0M | $295,363 | $670,844 |
| 2022 | 109 | $8.5M | $188,768 | $678,378 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | Investment Advisor | $26,745 | — | $26,745 |
| JOHN HANCOCK NEW YORK | Recordkeeper | $25,214 | — | $25,214 |
| ALLIANT INSURANCE SERVICES, INC. | Recordkeeper | $7,383 | — | $7,383 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — Investment Advisor
- JOHN HANCOCK NEW YORK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,342
- Estimated Expense Ratio: 0.680% 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 | $63,950 | $26,745 | $25,215 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $76,537 | $29,453 | $21,767 | — | — |