Plan Snapshot
- Plan Sponsor: Mcmichael Mills, INC.
- Sponsor EIN: 561833391
- Sponsor Address: PO BOX 507, MADISON, NC, 27025
- Plan Type: 401(k)
- Total Participants: 204
- Total Assets: $7.9M
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 | 204 | $7.9M | $100,435 | $481,523 |
| 2023 | 258 | $9.1M | $114,650 | $507,110 |
| 2022 | 266 | $7.9M | $127,203 | $538,184 |
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 |
|---|---|---|---|---|
| BUTLER & BURKE, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $14,018 | — | $14,018 | — | — |
| 2023 | $11,768 | — | $11,768 | — | — |
| 2022 | $12,749 | — | $12,749 | — | — |