Plan Snapshot
- Plan Sponsor: Mgs Group North America, INC.
- Sponsor EIN: 391914405
- Sponsor Address: W188 N 11707 MAPLE ROAD, GERMANTOWN, WI, 53022
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 699
- Total Assets: $70.7M
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. |
|---|---|---|---|---|
| 2025 | 699 | $70.7M | $0 | $0 |
| 2024 | 412 | $62.6M | $927,802 | $2.9M |
| 2023 | 390 | $54.0M | $874,306 | $2.9M |
| 2022 | 461 | $51.3M | $1.0M | $3.0M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $71,963 | — | $71,963 |
| MORGAN STANLEY GLOBAL | Investment Advisor | $33,750 | — | $33,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,713
- Estimated Expense Ratio: 0.149% 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 |
|---|---|---|---|---|---|
| 2025 | $5,729,509 | $33,750 | $71,963 | — | — |
| 2024 | $46,323 | $22,500 | $840 | — | — |
| 2023 | $60,219 | $45,000 | $3,540 | — | — |
| 2022 | $72,880 | $33,750 | $34,144 | — | $4,986 |