Plan Snapshot
- Plan Sponsor: Mastek, INC.
- Sponsor EIN: 810803156
- Sponsor Address: 15601 DALLAS PARKWAY, SUITE 250, ADDISON, TX, 75001
- Plan Type: DC
- Total Participants: 350
- Total Assets: $13.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 350 | $13.6M | $996,930 | $2.4M |
| 2023 | 313 | $9.3M | $821,519 | $2.0M |
| 2022 | 265 | $6.0M | $102,394 | $934,395 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE | RECORDKEEPER | $51,256 | — | $51,256 |
| LPL FINANCIAL | INVESTMENT ADVISOR | $46,815 | — | $46,815 |
| SIDE BY SIDE FINANCIALS INC | CONTRACT ADMINISTRATOR | $3,777 | $11,703 | $15,480 |
| EMPOWER ADVISORY GROUP LLC | INVESTMENT MANAGEMENT | $13,569 | — | $13,569 |
| KNAV CPA LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KNAV CPA LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,120
- Estimated Expense Ratio: 0.937% 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 | $115,131 | $60,384 | $3,491 | — | — |
| 2023 | $70,781 | $36,339 | $2,775 | — | — |
| 2022 | $34,686 | — | $34,686 | — | — |