Plan Snapshot
- Plan Sponsor: Mazak Optonics Corporation
- Sponsor EIN: 202426301
- Sponsor Address: 2725 GALVIN CT., ELGIN, IL, 60124
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $18.9M
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 | 125 | $18.9M | $391,678 | $1.0M |
| 2023 | 130 | $16.5M | $361,637 | $964,885 |
| 2022 | 114 | $12.7M | $353,111 | $821,124 |
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 |
|---|---|---|---|---|
| CLARK SCHAEFER HACKETT & CO | Auditor | $38,000 | — | $38,000 |
| MORGAN STANLEY | Investment Advisor | $35,905 | — | $35,905 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $13,056 | — | $13,056 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $12,988 | — | $12,988 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,949
- Estimated Expense Ratio: 0.528% 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 | $99,949 | $48,893 | — | $38,000 | — |
| 2023 | $71,605 | $39,424 | — | $21,294 | — |
| 2022 | $51,195 | — | $51,195 | — | — |