Plan Snapshot
- Plan Sponsor: Mg Capital Maintenance, INC.
- Sponsor EIN: 200363315
- Sponsor Address: 110 PHEASANT WOOD CT. STE D, MORRISVILLE, NC, 27560
- Plan Type: 401(k)
- Total Participants: 506
- Total Assets: $4.1M
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 | 506 | $4.1M | $66,804 | $212,019 |
| 2023 | 390 | $3.5M | $64,536 | $207,513 |
| 2022 | 311 | $2.8M | $61,959 | $192,032 |
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 |
|---|---|---|---|---|
| THOMAS, JUDY & TUCKER | 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 | $58,022 | — | $34,107 | — | — |
| 2023 | $48,501 | — | $27,562 | — | — |
| 2022 | $16,090 | — | — | — | — |