Plan Snapshot
- Plan Sponsor: Masterbrand Cabinets LLC
- Sponsor EIN: 133346717
- Sponsor Address: 3300 ENTERPRISE PARKWAY, BEACHWOOD, OH, 44122
- Plan Type: 401(k)
- Plan Number: 007
- Total Participants: 2,905
- Total Assets: $69.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 2,905 | $69.2M | $0 | $0 |
| 2024 | 2,079 | $59.2M | $2.7M | $4.7M |
| 2023 | 2,033 | $50.4M | $2.4M | $4.3M |
| 2022 | 2,317 | $41.7M | $2.5M | $4.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $110,068 | — | $110,068 |
| BDO USA LLP | Auditor | $5,475 | — | $5,475 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,543
- Estimated Expense Ratio: 0.167% 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 | $8,156,986 | — | — | $5,475 | — |
| 2024 | $115,923 | — | — | — | — |
| 2023 | $109,461 | — | — | — | — |
| 2022 | $117,025 | — | — | — | — |