Plan Snapshot
- Plan Sponsor: Mckay Used Books, INC.
- Sponsor EIN: 621321324
- Sponsor Address: 7734 LEE HIGHWAY, CHATTANOOGA, TN, 374211028
- Plan Type: DC
- Total Participants: 179
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 179 | $11.3M | $614,725 | $361,659 |
| 2023 | 174 | $9.5M | $555,497 | $317,271 |
| 2022 | 152 | $8.0M | $486,532 | $288,807 |
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 |
|---|---|---|---|---|
| WILKINS, CREWS & ASSOCIATES | Auditor | $76,525 | — | $76,525 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,525
- Estimated Expense Ratio: 0.679% 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 | $77,275 | — | $750 | $76,525 | — |
| 2023 | $63,089 | $62,489 | $600 | — | — |
| 2022 | $61,594 | $60,894 | $700 | — | — |