Plan Snapshot
- Plan Sponsor: Mestek, INC.
- Sponsor EIN: 250661650
- Sponsor Address: 260 NORTH ELM STREET, WESTFIELD, MA, 01085
- Plan Type: 401(k)
- Total Participants: 1,005
- Total Assets: $147.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 1,005 | $147.9M | $2.7M | $4.9M |
| 2023 | 973 | $142.5M | $2.0M | $4.9M |
| 2022 | 1,043 | $131.6M | $1.7M | $4.5M |
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 O | RECORDKEEPER | $179,293 | — | $179,293 |
| PKF O'CONNOR DAVIES LLP | AUDITOR | $22,391 | — | $22,391 |
| PKF O'CONNOR DAVIES, LLP | Auditor | $22,391 | — | $22,391 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $224,075
- Estimated Expense Ratio: 0.152% 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 | $204,758 | $950 | $42,523 | $22,391 | — |
| 2023 | $200,980 | — | $180,029 | $20,792 | — |
| 2022 | $193,220 | — | $172,398 | — | $19,297 |