Plan Snapshot
- Plan Sponsor: Mge Underground, INC.
- Sponsor EIN: 770514177
- Sponsor Address: P.O. BOX 4189, PASO ROBLES, CA, 93447
- Plan Type: 401(k)
- Total Participants: 182
- Total Assets: $17.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 182 | $17.5M | $785,117 | $740,802 |
| 2023 | 161 | $14.6M | $748,886 | $681,654 |
| 2022 | 178 | $11.0M | $478,086 | $569,380 |
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 |
|---|---|---|---|---|
| EVOLVE | RECORDKEEPER | $34,602 | — | $34,602 |
| CORVUS WEALTH | ADVISOR | $21,495 | — | $21,495 |
| HICKS PENSION SERVICES | TPA | $6,975 | — | $6,975 |
| CALIBER AUDIT & ATTEST, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBER AUDIT & ATTEST, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,072
- Estimated Expense Ratio: 0.361% 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 | $66,766 | $21,495 | $14,156 | — | — |
| 2023 | $57,167 | $20,425 | $12,735 | — | — |
| 2022 | $43,593 | $43,593 | — | — | — |