Plan Snapshot
- Plan Sponsor: Mcr Labs LLC
- Sponsor EIN: 463124709
- Sponsor Address: 85 SPEEN STREET, FRAMINGHAM, MA, 01701
- Plan Type: 401(k)
- Total Participants: 70
- Total Assets: $2.0M
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 | 70 | $2.0M | $1,704 | $212,712 |
| 2023 | 69 | $1.8M | $0 | $292,519 |
| 2022 | 79 | $1.4M | $0 | $420,740 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $7,539 | — | $7,539 |
| PINNACLE PENSION CONSULTANTS | INVESTMENT ADVISOR | $7,500 | — | $7,500 |
| CITRIN COOPERMAN & COMPANY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,039
- Estimated Expense Ratio: 0.735% 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 | $15,039 | $7,500 | — | — | — |
| 2023 | $4,523 | — | $2,282 | — | — |
| 2022 | $6,787 | — | $6,787 | — | — |