Plan Snapshot
- Plan Sponsor: Mikel, INC.
- Sponsor EIN: 880445640
- Sponsor Address: 2 CORPORATE PLACE, MIDDLETON, RI, 02842
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $19.1M
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 | 217 | $19.1M | $565,834 | $1.7M |
| 2023 | 221 | $16.1M | $512,509 | $1.5M |
| 2022 | 230 | $13.2M | $493,386 | $1.4M |
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 |
|---|---|---|---|---|
| KAHN LITWIN RENZA & CO. LTD. | 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 | $58,678 | $22,145 | — | — | — |
| 2023 | $53,434 | $20,000 | — | — | — |
| 2022 | $49,439 | — | — | — | — |