Plan Snapshot
- Plan Sponsor: Mcwane, INC.
- Sponsor EIN: 630139000
- Sponsor Address: PO BOX 43327, BIRMINGHAM, AL, 35243
- Plan Type: 401(k)
- Plan Number: 024
- Total Participants: 2,885
- Total Assets: $66.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 2,885 | $66.6M | $0 | $0 |
| 2024 | 2,230 | $51.0M | $3.5M | $6.2M |
| 2023 | 2,098 | $42.3M | $3.7M | $5.5M |
| 2022 | 2,598 | $35.1M | $4.2M | $5.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $122,072 | — | $122,072 |
| MERRILL LYNCH | Investment Advisor | $33,160 | — | $33,160 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $5,017 | — | $5,017 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $160,249
- Estimated Expense Ratio: 0.241% 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 |
|---|---|---|---|---|---|
| 2025 | $6,628,032 | $5,017 | — | — | — |
| 2024 | $138,878 | $37,641 | — | — | — |
| 2023 | $99,281 | $30,945 | — | — | — |
| 2022 | $70,476 | $1,389 | — | — | — |