Plan Snapshot
- Plan Sponsor: Megamex Foods LLC
- Sponsor EIN: 271244229
- Sponsor Address: 333 S. ANITA DR., SUITE 1000, ORANGE, CA, 928682006
- Plan Type: 401(k)
- Total Participants: 639
- Total Assets: $22.5M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 639 | $22.5M | $783,277 | $1.5M |
| 2023 | 629 | $19.5M | $739,997 | $1.5M |
| 2022 | 590 | $16.3M | $660,171 | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $56,355 | — | $56,355 |
| WELLS FARGO ADVISORS INS AGENCY LLC | OTHER SERVICES | — | $32,061 | $32,061 |
| WELLS FARGO ADVISORS FIN NETWORK | OTHER SERVICES | — | $5,689 | $5,689 |
| BPM LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BPM LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,105
- Estimated Expense Ratio: 0.418% 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 | $56,356 | — | $56,356 | — | — |
| 2023 | $48,066 | — | $48,066 | — | — |
| 2022 | $44,647 | — | $44,647 | — | — |