# Mcgrath Enterprises, INC. 401(k) Plan
Source: https://planprovider.pro/companies/mcgrath-enterprises-inc-401k-plan

> Mcgrath Enterprises, INC.'s 401(k) plan: 545 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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