Plan Snapshot
- Plan Sponsor: Mega Contracting Group LLC
- Sponsor EIN: 262025812
- Sponsor Address: 48-02 25TH AVENUE, ASTORIA, NY, 11103
- Plan Type: 401(k)
- Total Participants: 237
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 237 | $11.6M | $515,412 | $972,237 |
| 2023 | 296 | $9.5M | $458,993 | $984,240 |
| 2022 | 258 | $7.1M | $455,987 | $959,734 |
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 |
|---|---|---|---|---|
| TEMPLETON & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEMPLETON & COMPANY — Auditor
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 | $8,418 | — | $8,418 | — | — |
| 2023 | $9,582 | — | $9,582 | — | — |
| 2022 | $43,239 | $40,116 | $3,123 | — | — |