Plan Snapshot
- Plan Sponsor: Middle East Broadcasting Networks, INC.
- Sponsor EIN: 421591205
- Sponsor Address: 7600 BOSTON BLVD STE 100, SPRINGFIELD, VA, 221533136
- Plan Type: 401(k)
- Total Participants: 396
- Total Assets: $99.1M
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 | 396 | $99.1M | $2.1M | $2.8M |
| 2023 | 483 | $91.4M | $2.1M | $2.8M |
| 2022 | 459 | $81.9M | $1.9M | $2.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $167,544 | — | $167,544 |
| SAGEVIEW ADVISORY GROUP | INVESTMENT ADVISORY | — | $65,000 | $65,000 |
| DAVIDSON, DOYLE & HILTON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP — INVESTMENT ADVISORY
- DAVIDSON, DOYLE & HILTON, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $232,544
- Estimated Expense Ratio: 0.235% 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 | $167,544 | — | $167,544 | — | — |
| 2023 | $156,935 | — | $156,935 | — | — |
| 2022 | $136,272 | — | $136,272 | — | — |