Plan Snapshot
- Plan Sponsor: Massana, INC.
- Sponsor EIN: 262005142
- Sponsor Address: 550 COWETA INDUSTRIAL PARKWAY STE 1, NEWNAN, GA, 30265
- Plan Type: DC
- Total Participants: 132
- Total Assets: $7.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 132 | $7.0M | $0 | $760,925 |
| 2023 | 124 | $6.2M | $0 | $687,055 |
| 2022 | 115 | $4.8M | $0 | $591,235 |
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 |
|---|---|---|---|---|
| OSAIC WEALTH INC | Investment Advisor | $13,025 | — | $13,025 |
| SECURITIES AMERICA ADVISORS INC | Investment Advisor | $11,874 | — | $11,874 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,899
- Estimated Expense Ratio: 0.357% 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 | $24,899 | — | — | — | — |
| 2023 | $20,593 | — | — | — | — |
| 2022 | $20,816 | — | $20,816 | — | — |