Plan Snapshot
- Plan Sponsor: Mercy Drive INC.
- Sponsor EIN: 043831639
- Sponsor Address: 7235 112TH ST PR1, FOREST HILLS, NY, 11375
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 235
- Total Assets: $4.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 235 | $4.6M | $211,187 | $87,385 |
| 2023 | 228 | $4.1M | $413,794 | $72,409 |
| 2022 | 1,372 | $5.4M | $654,890 | $67,491 |
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 |
|---|---|---|---|---|
| VERNON J KEY, CPA | Auditor | — | — | $0 |
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 | $2,842 | — | $2,842 | — | — |
| 2023 | $719 | — | — | — | — |
| 2022 | $751 | — | $751 | — | — |