Plan Snapshot
- Plan Sponsor: Mayco International LLC
- Sponsor EIN: 205663915
- Sponsor Address: 42400 MERRILL ROAD, STERLING HEIGHTS, MI, 48314
- Plan Type: 401(k)
- Total Participants: 2,166
- Total Assets: $6.8M
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 | 2,166 | $6.8M | $86,508 | $500,952 |
| 2023 | 902 | $6.3M | $86,438 | $547,697 |
| 2022 | 856 | $6.0M | $63,622 | $489,267 |
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 |
|---|---|---|---|---|
| MANSPERGER PATTERS & MCMULLIN LLP | Auditor | $3,175 | — | $3,175 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,175
- Estimated Expense Ratio: 0.047% 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 | $36,441 | $9,845 | — | $3,175 | — |
| 2023 | $29,208 | $8,756 | $1,200 | — | — |
| 2022 | $27,136 | $232 | — | — | — |