Plan Snapshot
- Plan Sponsor: Mechanical Systems Company, LLC
- Sponsor EIN: 208844397
- Sponsor Address: 3965 OLD GETWELL ROAD, MEMPHIS, TN, 38118
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $6.5M
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 | 107 | $6.5M | $354,633 | $588,546 |
| 2023 | 130 | $5.2M | $328,587 | $546,062 |
| 2022 | 130 | $3.9M | $315,793 | $502,534 |
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 |
|---|---|---|---|---|
| BENNY CARTER | 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 | $44,220 | — | — | — | — |
| 2023 | $21,912 | $10,521 | — | — | — |
| 2022 | $10,218 | — | — | — | — |