Plan Snapshot
- Plan Sponsor: Maxlite, INC.
- Sponsor EIN: 223241342
- Sponsor Address: 340 CHANGEBRIDGE ROAD, SUITE 201, PINEBROOK, NJ, 07057
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $7.4M
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. |
|---|---|---|---|---|
| 2024 | 95 | $7.4M | $216,423 | $731,995 |
| 2023 | 81 | $6.3M | $222,867 | $648,208 |
| 2022 | 81 | $5.9M | $197,315 | $802,350 |
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 | Recordkeeper | $34,776 | — | $34,776 |
| M HOLDINGS SECURITIES | Investment Advisor | — | $16,371 | $16,371 |
| ORENDA RETIREMENT, LLC | Recordkeeper | $3,155 | $1,877 | $5,032 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,179
- Estimated Expense Ratio: 0.761% 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 | $37,931 | — | $37,931 | — | — |
| 2023 | $27,712 | — | $27,712 | — | — |
| 2022 | $22,377 | $3,276 | — | — | — |