Plan Snapshot
- Plan Sponsor: Mastercraft Boat Company, INC.
- Sponsor EIN: 061571750
- Sponsor Address: 100 CHEROKEE COVE DRIVE, VONORE, TN, 37885
- Plan Type: 401(k)
- Total Participants: 717
- Total Assets: $36.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 717 | $36.0M | $1.6M | $3.5M |
| 2023 | 1,013 | $33.4M | $1.8M | $4.2M |
| 2022 | 1,385 | $27.2M | $2.1M | $4.6M |
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 | $60,008 | — | $60,008 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $10,022 | — | $10,022 |
| LBMC, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,030
- Estimated Expense Ratio: 0.195% 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 | $70,030 | $10,022 | — | — | — |
| 2023 | $98,119 | $12,459 | — | — | — |
| 2022 | $114,781 | $12,558 | — | — | — |