Plan Snapshot
- Plan Sponsor: Materne North America Corp.
- Sponsor EIN: 273542029
- Sponsor Address: 20 W 22ND ST FL 12, NEW YORK, NY, 100105843
- Plan Type: 401(k)
- Total Participants: 973
- Total Assets: $50.9M
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 | 973 | $50.9M | $2.6M | $5.5M |
| 2023 | 830 | $39.3M | $2.3M | $4.7M |
| 2022 | 703 | $28.6M | $1.9M | $4.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $166,202 | — | $166,202 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISORY | — | $65,942 | $65,942 |
| LEGACY RETIREMENT SOLUTIONS, LLC | OTHER SERVICES | — | $21,653 | $21,653 |
| CLARK, SHAEFER, HACKETT & CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $253,797
- Estimated Expense Ratio: 0.499% 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 | $166,205 | — | $166,205 | — | — |
| 2023 | $176,838 | — | $176,838 | — | — |
| 2022 | $146,471 | — | $146,471 | — | — |