Plan Snapshot
- Plan Sponsor: Mini-Systems, INC.
- Sponsor EIN: 042440008
- Sponsor Address: 20 DAVID ROAD, NO. ATTLEBORO, MA, 027610069
- Plan Type: 401(k)
- Total Participants: 105
- Total Assets: $7.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 105 | $7.3M | $127,244 | $334,896 |
| 2023 | 112 | $6.6M | $126,499 | $334,459 |
| 2022 | 107 | $5.4M | $111,658 | $296,414 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $20,092 | — | $20,092 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $10,906 | — | $10,906 |
| THE ANGELL PENSION GROUP, INC. | Other Service Provider | $9,645 | — | $9,645 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,643
- Estimated Expense Ratio: 0.559% 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 | $37,288 | — | — | — | — |
| 2023 | $31,228 | — | — | — | — |
| 2022 | $15,383 | — | — | — | — |