Plan Snapshot
- Plan Sponsor: Mbf Inspection Services, INC
- Sponsor EIN: 203125709
- Sponsor Address: 805 NORTH RICHARDSON, ROSWELL, NM, 88201
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $6.0M
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 | 120 | $6.0M | $117,187 | $356,484 |
| 2023 | 188 | $6.5M | $135,206 | $373,550 |
| 2022 | 196 | $6.6M | $181,691 | $563,727 |
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 |
|---|---|---|---|---|
| DUBUQUE BANK & TRUST COMPANY | NONE | $26,885 | — | $26,885 |
| JULY BUSINESS SERVICES LLC | RECORDKEEPER | $15,861 | — | $15,861 |
| REDW LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JULY BUSINESS SERVICES LLC — RECORDKEEPER
- REDW LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,746
- Estimated Expense Ratio: 0.717% 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 | $42,837 | $20,970 | $5,915 | — | — |
| 2023 | $30,578 | — | $30,572 | — | — |
| 2022 | $42,107 | $42,107 | — | — | — |