Plan Snapshot
- Plan Sponsor: Mbs Asset Management LLC
- Sponsor EIN: 275242020
- Sponsor Address: 1600 ROSECRANS AVE, MANHATTAN BEACH, CA, 90266
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 648
- Total Assets: $66.9M
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. |
|---|---|---|---|---|
| 2025 | 648 | $66.9M | $0 | $0 |
| 2024 | 658 | $56.7M | $2.9M | $4.4M |
| 2023 | 723 | $47.0M | $2.8M | $4.2M |
| 2022 | 779 | $35.7M | $2.7M | $4.2M |
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 |
|---|---|---|---|---|
| BANK OF AMERICA NA | Investment Advisor | $111,963 | — | $111,963 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $64,840 | — | $64,840 |
| NFP RETIREMENT INC. | Investment Advisor | $22,917 | — | $22,917 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,720
- Estimated Expense Ratio: 0.298% 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 |
|---|---|---|---|---|---|
| 2025 | $5,590,404 | $134,880 | — | — | — |
| 2024 | $311,858 | $231,831 | — | — | — |
| 2023 | $268,619 | $195,552 | — | — | — |
| 2022 | $193,535 | $142,371 | — | — | — |