Plan Snapshot
- Plan Sponsor: Micronics Engineered Filtration Group, INC.
- Sponsor EIN: 270441416
- Sponsor Address: 1201 RIVERFRONT PARKWAY, CHATTANOOGA, TN, 37402
- Plan Type: 401(k)
- Total Participants: 365
- Total Assets: $7.9M
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 | 365 | $7.9M | $375,100 | $1.3M |
| 2023 | 420 | $6.7M | $342,061 | $1.2M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $89,953 | — | $89,953 |
| ARISTA ADVISORY GROUP | SERVICE PROVIDER | — | $22,123 | $22,123 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,076
- Estimated Expense Ratio: 1.421% 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 | $92,776 | $2,834 | $87,792 | — | — |
| 2023 | $34,250 | $2,157 | $30,993 | — | — |