Plan Snapshot
- Plan Sponsor: Mbi Acquisition Corp.
- Sponsor EIN: 860619227
- Sponsor Address: 77 EAST THOMAS ROAD, PHOENIX, AZ, 85012
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $8.0M
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 | 347 | $8.0M | $721,403 | $1.5M |
| 2023 | 303 | $6.0M | $459,690 | $1.0M |
| 2022 | 236 | $4.5M | $392,386 | $848,270 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $29,129 | $500 | — | — | — |
| 2023 | $37,081 | — | — | — | — |
| 2022 | $31,096 | $31,096 | — | — | — |