Plan Snapshot
- Plan Sponsor: Minact, INC.
- Sponsor EIN: 640609995
- Sponsor Address: 5220 KEELE STREET, JACKSON, MS, 39206
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 178
- Total Assets: $615,966
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 178 | $615,966 | $1.1M | $487,208 |
| 2023 | 107 | $955,699 | $1.5M | $493,034 |
| 2022 | 160 | $628,832 | $2.1M | $1.0M |
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 |
|---|---|---|---|---|
| FOX EVERETT A DIVISION OF HUB INTER | Recordkeeper | $50,383 | — | $50,383 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,383
- Estimated Expense Ratio: 8.180% 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 | $101,894 | — | $101,894 | — | — |
| 2023 | $101,952 | — | $101,952 | — | — |
| 2022 | $186,142 | — | $186,142 | — | — |