Plan Snapshot
- Plan Sponsor: Mg2 Corporation
- Sponsor EIN: 910972198
- Sponsor Address: 1101 SECOND AVENUE SUITE 100, SEATTLE, WA, 98101
- Plan Type: 401(k)
- Total Participants: 388
- Total Assets: $50.3M
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 | 388 | $50.3M | $817,433 | $3.1M |
| 2023 | 384 | $43.4M | $845,278 | $3.1M |
| 2022 | 407 | $35.2M | $720,890 | $2.8M |
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 | RECORDKEEPER | $83,794 | — | $83,794 |
| GALLAGHER BENEFIT SERVICES INC DBA | INVESTMENT ADVISOR | $56,748 | — | $56,748 |
| CLARK NUBER | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,542
- Estimated Expense Ratio: 0.280% 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 | $187,288 | $56,748 | — | — | — |
| 2023 | $121,019 | $47,713 | $73,081 | — | — |
| 2022 | $115,330 | $46,286 | $68,819 | — | — |