Plan Snapshot
- Plan Sponsor: Mccormick Taylor, INC.
- Sponsor EIN: 231683759
- Sponsor Address: 1818 MARKET STREET, PHILADELPHIA, PA, 19103
- Plan Type: 401(k)
- Total Participants: 407
- Total Assets: $84.7M
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 | 407 | $84.7M | $812,074 | $3.8M |
| 2023 | 400 | $77.7M | $733,850 | $3.5M |
| 2022 | 388 | $64.2M | $275,987 | $3.0M |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES LLC | INVESTMENT ADVISOR | $162,582 | — | $162,582 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $40,216 | — | $40,216 |
| EMPOWER ANNUITY INS CO. OF AMERICA | RECORD KEEPER | $35,138 | — | $35,138 |
| DELAWARE VALLEY RETIREMENT, INC. | THIRD PARTY ADMINISTRATO | $13,500 | $10,000 | $23,500 |
| CLIFTON LARSON ALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTON LARSON ALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $261,436
- Estimated Expense Ratio: 0.309% 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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |