Plan Snapshot
- Plan Sponsor: Mec International Corporation
- Sponsor EIN: 208277165
- Sponsor Address: 5855 NORTH GLEN PARK ROAD, MILWAUKEE, WI, 53209
- Plan Type: 401(k)
- Total Participants: 301
- Total Assets: $19.3M
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. |
|---|---|---|---|---|
| 2024 | 301 | $19.3M | $252,769 | $1.4M |
| 2023 | 330 | $17.2M | $251,443 | $1.4M |
| 2022 | 344 | $17.7M | $239,218 | $1.3M |
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 |
|---|---|---|---|---|
| NATIONWIDE | RECORDKEEPER | $42,456 | — | $42,456 |
| RAYMOND JAMES & ASSOCIATES, INC. | INVESTMENT ADVISOR | $36,858 | — | $36,858 |
| WIPFLI LLP | TPA | $11,800 | — | $11,800 |
| VRAKAS S.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — RECORDKEEPER
- RAYMOND JAMES & ASSOCIATES, INC. — INVESTMENT ADVISOR
- WIPFLI LLP — TPA
- VRAKAS S.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,114
- Estimated Expense Ratio: 0.471% 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 | $60,088 | — | $60,088 | — | — |
| 2023 | $71,370 | — | $71,370 | — | — |
| 2022 | $58,994 | — | $58,994 | — | — |