# Midpen Property Management Corp. 403(b) Plan
Source: https://planprovider.pro/companies/midpen-property-management-corp-403b-plan

> Midpen Property Management Corp.'s 403(b) plan: 577 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Midpen Property Management Corp.

- **Sponsor EIN:** 941738105

- **Sponsor Address:** 303 VINTAGE PARK DRIVE, FOSTER CITY, CA, 944041176

- **Plan Type:** 403(b)

- **Total Participants:** 577

- **Total Assets:** $49.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|577|$49.2M|$2.4M|$3.5M|

| 2023|544|$43.2M|$2.2M|$3.1M|

| 2022|524|$34.9M|$1.9M|$2.9M|

## 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|$86,751|—|$86,751|

| MULTNOMAH GROUP|INVESTMENT ADVISORY|$28,304|$42|$28,346|

| NOVOGRADAC & COMPANY LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MULTNOMAH GROUP](https://planprovider.pro/provider/multnomah-group) — INVESTMENT ADVISORY

- [NOVOGRADAC & COMPANY LLP](https://planprovider.pro/provider/novogradac-and-company-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $115,097

- **Estimated Expense Ratio:** 0.234% 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|$115,055|$28,304|$86,751|—|—|

| 2023|$96,284|$27,624|$68,660|—|—|

| 2022|$90,611|$26,950|$63,661|—|—|

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