Plan Snapshot
- Plan Sponsor: Mindbank Consulting Group, L.L.C.
- Sponsor EIN: 541852142
- Sponsor Address: 501 CHURCH STREET NE SUITE 205, VIENNA, VA, 22180
- Plan Type: 401(k)
- Total Participants: 48
- Total Assets: $7.5M
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 | 48 | $7.5M | $33,720 | $350,518 |
| 2023 | 39 | $6.8M | $27,113 | $290,726 |
| 2022 | 36 | $6.4M | $2,445 | $215,848 |
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 |
|---|---|---|---|---|
| COHNREZNICK. LLP | Auditor | $21,000 | — | $21,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,000
- Estimated Expense Ratio: 0.281% 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 | $43,306 | $21,741 | — | $21,000 | — |
| 2023 | $29,056 | $19,617 | — | $9,000 | — |
| 2022 | $34,558 | — | $34,558 | — | — |