Plan Snapshot
- Plan Sponsor: Minact, INC.
- Sponsor EIN: 640609995
- Sponsor Address: 5220 KEELE STREET, JACKSON, MS, 39206
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 403
- Total Assets: $11.5M
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 | 403 | $11.5M | $305,989 | $634,536 |
| 2023 | 406 | $11.9M | $377,289 | $757,979 |
| 2022 | 480 | $11.8M | $444,667 | $961,231 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BANKING OPERA | Other Service Provider | $17,290 | — | $17,290 |
| MORGAN STANLEY | Other Service Provider | $7,413 | — | $7,413 |
| MORGAN STANLEY | Recordkeeper | $7,358 | — | $7,358 |
| MERRILL LYNCH, PIERCE, FENNER AND S | Recordkeeper | $5,404 | — | $5,404 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,465
- Estimated Expense Ratio: 0.327% 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 | $37,464 | $32,060 | — | — | — |
| 2023 | $35,503 | $28,477 | — | — | — |
| 2022 | $16,724 | — | — | — | — |