Plan Snapshot
- Plan Sponsor: Master International Corporation
- Sponsor EIN: 953000067
- Sponsor Address: 2425 S 21ST ST, PHOENIX, AZ, 85034
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 865
- Total Assets: $28.3M
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. |
|---|---|---|---|---|
| 2025 | 865 | $28.3M | $0 | $0 |
| 2024 | 709 | $22.1M | $1.0M | $2.2M |
| 2023 | 716 | $18.0M | $844,306 | $1.8M |
| 2022 | 673 | $14.2M | $838,991 | $1.7M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $107,414 | — | $107,414 |
| ALERA INVESTMENT ADVISORS | Other Service Provider | — | $87,360 | $87,360 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $194,774
- Estimated Expense Ratio: 0.689% 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 |
|---|---|---|---|---|---|
| 2025 | $1,897,409 | $2,873 | $105,231 | — | — |
| 2024 | $91,271 | $4,879 | $84,692 | — | — |
| 2023 | $31,272 | — | $31,072 | — | — |
| 2022 | $2,930 | — | $2,930 | — | — |