Plan Snapshot
- Plan Sponsor: Mfa Benefits LLC
- Sponsor EIN: 541278483
- Sponsor Address: 400 BOULEVARD OF THE AMERICAS, LAKEWOOD, NJ, 08701
- Plan Type: 401(k)
- Total Participants: 13,826
- Total Assets: $100.5M
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 | 13,826 | $100.5M | $1.1M | $8.2M |
| 2023 | 7,625 | $92.4M | $1.1M | $7.2M |
| 2022 | 4,445 | $86.1M | $1.0M | $5.0M |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES, LLC | PLAN ADMINISTRATOR | $164,230 | — | $164,230 |
| ABLE WEALTH MANAGEMENT LLC | INVESTMENT ADVISOR | $119,336 | — | $119,336 |
| CAMBRIDGE INVESTMENT RESEARCH | ADVISOR | $70,589 | — | $70,589 |
| GGM ASSOCIATES INC | CONSULTANT | $20,000 | — | $20,000 |
| PEASE BELL CPAS | ACCOUNTANT/AUDITOR | $11,500 | — | $11,500 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $6,886 | — | $6,886 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PEASE BELL CPAS — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $392,541
- Estimated Expense Ratio: 0.390% 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 | $392,540 | $196,811 | $26,899 | $11,500 | — |
| 2023 | $397,264 | $223,613 | $27,923 | $29,000 | — |
| 2022 | $409,638 | — | — | — | — |