Plan Snapshot
- Plan Sponsor: Mercury Wire Products, INC.
- Sponsor EIN: 042395152
- Sponsor Address: ONE MERCURY DRIVE, SPENCER, MA, 01562
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $10.6M
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 | 121 | $10.6M | $162,962 | $519,326 |
| 2023 | 116 | $9.1M | $148,989 | $475,227 |
| 2022 | 116 | $7.6M | $139,580 | $472,594 |
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 COMPANY | RECORDKEEPER | $24,911 | — | $24,911 |
| COMMONWEALTH EQUITY SERVICES LLC | BROKER/ADVISOR | $20,000 | — | $20,000 |
| THE ANGELL PENSION GROUP, INC. | CONTRACT ADMIN | — | $9,538 | $9,538 |
| BOLLUS LYNCH, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,449
- Estimated Expense Ratio: 0.514% 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 | $46,630 | — | — | — | — |
| 2023 | $40,003 | — | — | — | — |
| 2022 | $39,414 | — | — | — | — |