Plan Snapshot
- Plan Sponsor: Mayfran International, INC.
- Sponsor EIN: 480959871
- Sponsor Address: 6650 BETA DRIVE, MAYFIELD VILLAGE, OH, 441432352
- Plan Type: 401(k)
- Total Participants: 207
- Total Assets: $33.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 207 | $33.0M | $678,523 | $1.2M |
| 2023 | 209 | $30.9M | $673,452 | $1.2M |
| 2022 | 218 | $28.7M | $666,171 | $1.2M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $51,211 | — | $51,211 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $40,004 | — | $40,004 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,215
- Estimated Expense Ratio: 0.276% 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 | $84,815 | $48,343 | — | — | — |
| 2023 | $86,294 | $56,803 | — | — | — |
| 2022 | $93,822 | $58,780 | $35,042 | — | — |