Plan Snapshot
- Plan Sponsor: Maymead, INC.
- Sponsor EIN: 620284410
- Sponsor Address: 1995 ROAN CREEK ROAD, MOUNTAIN CITY, TN, 376630911
- Plan Type: 401(k)
- Total Participants: 269
- Total Assets: $6.1M
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 | 269 | $6.1M | $380,005 | $435,166 |
| 2023 | 282 | $5.4M | $311,560 | $378,122 |
| 2022 | 214 | $4.4M | $200,000 | $281,634 |
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 |
|---|---|---|---|---|
| PLANTE MORAN | Auditor | $16,560 | — | $16,560 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,560
- Estimated Expense Ratio: 0.273% 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 | $17,160 | — | $600 | $16,560 | — |
| 2023 | $275 | — | $275 | — | — |
| 2022 | $20,276 | — | $20,276 | — | — |