Plan Snapshot
- Plan Sponsor: Mercury Aircraft INC.
- Sponsor EIN: 160550220
- Sponsor Address: 8126 COUNTY ROUTE 88, HAMMONDSPORT, NY, 14840
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $32.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 197 | $32.1M | $0 | $868,897 |
| 2023 | 182 | $31.3M | $130,506 | $850,382 |
| 2022 | 220 | $28.2M | $246,316 | $774,223 |
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 |
|---|---|---|---|---|
| FUSTCHARLES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FUSTCHARLES LLP — 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 | $49,652 | $38,690 | $300 | — | — |
| 2023 | $26,504 | $35,116 | $1,200 | — | — |
| 2022 | $37,505 | — | — | — | — |