Plan Snapshot
- Plan Sponsor: Mcgrath Enterprises, INC.
- Sponsor EIN: 363432209
- Sponsor Address: 2020 NORTH RANDALL ROAD, ELGIN, IL, 60123
- Plan Type: 401(k)
- Total Participants: 545
- Total Assets: $24.0M
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 | 545 | $24.0M | $749,325 | $2.5M |
| 2023 | 513 | $20.6M | $680,693 | $2.4M |
| 2022 | 447 | $16.8M | $837,022 | $2.1M |
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 |
|---|---|---|---|---|
| MCCULLEY FINANCIAL GROUP, LLC | INVESTMENT ADVISOR | — | $72,002 | $72,002 |
| SCP RETIREMENT SERVICES LLC | THIRD PARTY ADMINISTRATOR | — | $10,906 | $10,906 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,908
- Estimated Expense Ratio: 0.346% 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 | $21,450 | — | $21,450 | — | — |
| 2023 | $38,683 | — | $20,638 | $18,045 | — |
| 2022 | $44,231 | — | — | — | $44,231 |