Plan Snapshot
- Plan Sponsor: Mcgill, Power, Bell & Associates, LLP
- Sponsor EIN: 251031405
- Sponsor Address: 180 MERCER STREET, MEADVILLE, PA, 16335
- Plan Type: 401(k)
- Total Participants: 117
- Total Assets: $11.9M
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 | 117 | $11.9M | $370,607 | $782,100 |
| 2023 | 120 | $10.4M | $348,875 | $699,575 |
| 2022 | 111 | $9.5M | $319,939 | $633,833 |
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 |
|---|---|---|---|---|
| WEDGEWOOD INVESTORS INC. | NONE | $66,259 | — | $66,259 |
| CONRAD SIEGEL | NONE | $18,928 | — | $18,928 |
| CHARLES SCHWAB BANK | NONE | $5,110 | — | $5,110 |
| SMITH ELLIOTT KEARNS & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB BANK — NONE
- SMITH ELLIOTT KEARNS & COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,297
- Estimated Expense Ratio: 0.761% 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 | $90,297 | $66,259 | — | — | — |
| 2023 | $86,459 | $62,737 | — | — | — |
| 2022 | $84,495 | $63,867 | — | — | $20,628 |