Plan Snapshot
- Plan Sponsor: Micro Electronics, INC.
- Sponsor EIN: 311251545
- Sponsor Address: 4055 LEAP ROAD, HILLIARD, OH, 43026
- Plan Type: 401(k)
- Total Participants: 2,774
- Total Assets: $36.7M
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 | 2,774 | $36.7M | $491,411 | $2.7M |
| 2023 | 2,278 | $32.6M | $460,351 | $2.1M |
| 2022 | 2,115 | $28.3M | $0 | $1.5M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $31,944 | — | $31,944 |
| NEWPORT GROUP, INC. | Other Service Provider | $28,720 | — | $28,720 |
| JOHN HANCOCK | Recordkeeper | $16,153 | — | $16,153 |
| NEWPORT TRUST COMPANY | Custodian / Trustee | $7,189 | — | $7,189 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,006
- Estimated Expense Ratio: 0.229% 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 | $83,649 | $24,318 | $16,153 | — | — |
| 2023 | $77,123 | $29,666 | $33,651 | — | — |
| 2022 | $86,039 | $21,531 | $58,012 | — | $6,496 |