Plan Snapshot
- Plan Sponsor: Mg Engineering Dpc
- Sponsor EIN: 133629038
- Sponsor Address: 116 WEST 32ND ST, NEW YORK, NY, 10001
- Plan Type: 401(k)
- Total Participants: 194
- Total Assets: $22.0M
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 | 194 | $22.0M | $71,607 | $1.4M |
| 2023 | 202 | $18.6M | $70,690 | $1.4M |
| 2022 | 210 | $15.1M | $59,211 | $1.2M |
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 |
|---|---|---|---|---|
| BLATT & DAUMAN LLP | Auditor | $6,870 | — | $6,870 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,870
- Estimated Expense Ratio: 0.031% 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 | $96,592 | $47,471 | — | $6,870 | — |
| 2023 | $78,679 | $39,725 | — | $9,500 | — |
| 2022 | $78,269 | — | — | — | — |