Plan Snapshot
- Plan Sponsor: Microbac Laboratories, INC
- Sponsor EIN: 251199642
- Sponsor Address: 2009 MACKENZIE WAY, CRANBERRY TOWNSHIP, PA, 16066
- Plan Type: 401(k)
- Total Participants: 476
- Total Assets: $33.1M
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 | 476 | $33.1M | $507,281 | $1.8M |
| 2023 | 491 | $29.4M | $525,536 | $1.6M |
| 2022 | 476 | $25.1M | $516,812 | $1.6M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $77,366 | — | $77,366 |
| GLOBAL RETIREMENT PARTNERS, LLC | INVESTMENT ADISORY-PLAN | $30,000 | — | $30,000 |
| BUCKLER, MCKENNEY & NADZADI, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- GLOBAL RETIREMENT PARTNERS, LLC — INVESTMENT ADISORY-PLAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,366
- Estimated Expense Ratio: 0.324% 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 | $107,533 | $30,000 | — | — | — |
| 2023 | $101,145 | $30,000 | — | $8,900 | — |
| 2022 | $104,829 | $30,000 | — | — | $17,100 |