Plan Snapshot
- Plan Sponsor: Midrex Technologies, INC.
- Sponsor EIN: 521791274
- Sponsor Address: 3735 GLEN LAKE DRIVE, CHARLOTTE, NC, 28208
- Plan Type: 401(k)
- Total Participants: 212
- Total Assets: $59.9M
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 | 212 | $59.9M | $1.9M | $2.4M |
| 2023 | 193 | $57.2M | $1.5M | $2.1M |
| 2022 | 154 | $47.2M | $1.3M | $1.7M |
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 |
|---|---|---|---|---|
| BGW CPA CO, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $126,614 | $1,650 | — | — | — |
| 2023 | $107,389 | $5 | — | — | — |
| 2022 | $122,102 | $122,102 | — | — | — |