Plan Snapshot
- Plan Sponsor: Mavagi Enterprises, INC.
- Sponsor EIN: 743008826
- Sponsor Address: 5726 W. HAUSMAN ROAD, SUITE 115B, SAN ANTONIO, TX, 78249
- Plan Type: DC
- Total Participants: 95
- Total Assets: $978,758
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 95 | $978,758 | $262,822 | $0 |
| 2023 | 133 | $934,969 | $216,084 | $0 |
| 2022 | 129 | $778,677 | $131,473 | $0 |
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 |
|---|---|---|---|---|
| DEFINITI, LLC | Recordkeeper | $17,083 | $3,761 | $20,844 |
| BOON ADMINISTRATIVE SERVICES, INC | Other Service Provider | $11,491 | — | $11,491 |
| VOYA RETIREMENT INSURANCE & ANNUITY | Recordkeeper | $9,273 | — | $9,273 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $5,643 | — | $5,643 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,251
- Estimated Expense Ratio: 4.828% 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 | $47,911 | $12,393 | $31,468 | — | — |
| 2023 | $25,594 | $2,123 | $13,635 | — | — |
| 2022 | $26,979 | $18,386 | $8,593 | — | — |