Plan Snapshot
- Plan Sponsor: Megastar Financial Corporation
- Sponsor EIN: 841496821
- Sponsor Address: 1080 CHEROKEE ST, DENVER, CO, 80204
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $16.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 123 | $16.7M | $0 | $567,319 |
| 2023 | 120 | $17.0M | $725 | $649,404 |
| 2022 | 156 | $15.1M | $62 | $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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $43,332 | — | $43,332 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $30,948 | — | $30,948 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,895 | — | $6,895 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,175
- Estimated Expense Ratio: 0.485% 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 | $81,175 | $50,227 | — | — | — |
| 2023 | $77,638 | $45,966 | — | — | — |
| 2022 | $73,411 | $44,030 | $23,471 | — | — |