Plan Snapshot
- Plan Sponsor: Mikhail Education Corporation
- Sponsor EIN: 208451424
- Sponsor Address: 5150 S DECATUR BLVD, LAS VEGAS, NV, 891181519
- Plan Type: 401(k)
- Total Participants: 306
- Total Assets: $3.2M
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 | 306 | $3.2M | $264,782 | $441,601 |
| 2023 | 296 | $2.4M | $262,474 | $418,942 |
| 2022 | 297 | $1.8M | $162,649 | $354,511 |
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 |
|---|---|---|---|---|
| WORLD INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | — | $12,721 | $12,721 |
| CREATIVE RETIREMENT PLAN CONSULTING | THIRD PARTY ADMINISTRATO | — | $8,067 | $8,067 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,788
- Estimated Expense Ratio: 0.648% 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 | $21,636 | — | $21,636 | — | — |
| 2023 | $6,185 | $860 | $5,325 | — | — |
| 2022 | $6,110 | $1,200 | $4,910 | — | — |