Plan Snapshot
- Plan Sponsor: Mentor Technical Group Corp.
- Sponsor EIN: 660596427
- Sponsor Address: PO BOX 6857, CAGUAS, PR, 00726
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 482
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 482 | $6.3M | $70,532 | $431,757 |
| 2023 | 495 | $5.3M | $58,996 | $347,643 |
| 2022 | 403 | $4.7M | $72,065 | $409,538 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE | Recordkeeper | $27,535 | — | $27,535 |
| INDEPENDENT FINANCIAL GROUP LLC | Investment Advisor | $17,549 | — | $17,549 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,084
- Estimated Expense Ratio: 0.712% 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 | $27,535 | — | — | — | — |
| 2023 | $24,535 | — | — | — | — |
| 2022 | $24,838 | — | — | — | — |