Plan Snapshot
- Plan Sponsor: Mcs Industries, INC.
- Sponsor EIN: 232125274
- Sponsor Address: 2280 NEWLINS MILL ROAD, EASTON, PA, 18045
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 91
- Total Assets: $458,648
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 | 91 | $458,648 | $1.7M | $534,782 |
| 2023 | 155 | $389,976 | $2.1M | $631,290 |
| 2022 | 167 | $152,447 | $1.8M | $632,651 |
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 |
|---|---|---|---|---|
| BSI CORPORATE BENEFITS, LLC | Investment Advisor | $57,375 | — | $57,375 |
| THE BENECON GROUP | Investment Advisor | $19,179 | — | $19,179 |
| UNITED CONCORDIA COMPANIES, INC. | Other Service Provider | $7,537 | — | $7,537 |
| CONNECTCARE3 | Other Service Provider | $6,662 | — | $6,662 |
| INNOVU | Investment Advisor | $5,130 | — | $5,130 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BSI CORPORATE BENEFITS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,883
- Estimated Expense Ratio: 20.906% 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 | -$19,084 | — | -$19,084 | — | — |
| 2023 | $108,651 | — | $108,651 | — | — |
| 2022 | $115,344 | — | $115,344 | — | — |