Plan Snapshot
- Plan Sponsor: Mgs, INC.
- Sponsor EIN: 231605766
- Sponsor Address: 178 MUDDY CREEK CHURCH ROAD, DENVER, PA, 175179328
- Plan Type: DC
- Total Participants: 163
- Total Assets: $7.3M
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 | 163 | $7.3M | $28,015 | $422,824 |
| 2023 | 163 | $6.0M | $156,108 | $364,295 |
| 2022 | 150 | $5.3M | $351,822 | $328,695 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | RECORDKEEPER | $32,685 | — | $32,685 |
| SIMON LEVER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RECORDKEEPER
- SIMON LEVER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,685
- Estimated Expense Ratio: 0.451% 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 | $32,685 | — | $32,685 | — | — |
| 2023 | $25,449 | — | $25,449 | — | — |
| 2022 | $5,735 | — | — | — | $5,735 |