Plan Snapshot
- Plan Sponsor: Maxwell Group INC.
- Sponsor EIN: 561660190
- Sponsor Address: 3530 TORINGDON WAY, CHARLOTTE, NC, 28277
- Plan Type: 401(k)
- Total Participants: 2,495
- Total Assets: $31.3M
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. |
|---|---|---|---|---|
| 2024 | 2,495 | $31.3M | $777,758 | $5.9M |
| 2023 | 2,311 | $27.4M | $657,228 | $5.0M |
| 2022 | 2,081 | $21.7M | $581,104 | $4.5M |
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 |
|---|---|---|---|---|
| AAPG, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $101,825 | — | $101,825 | — | — |
| 2023 | $69,432 | — | $69,432 | — | — |
| 2022 | $51,747 | — | $51,747 | — | — |