Plan Snapshot
- Plan Sponsor: Miracle Hill Ministries, INC.
- Sponsor EIN: 570425826
- Sponsor Address: PO BOX 2546, GREENVILLE, SC, 29602
- Plan Type: 401(k)
- Total Participants: 334
- Total Assets: $6.0M
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 | 334 | $6.0M | $228,604 | $361,620 |
| 2023 | 257 | $5.7M | $205,592 | $317,891 |
| 2022 | 361 | $4.7M | $171,653 | $261,903 |
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 |
|---|---|---|---|---|
| KESTRA INVESTMENT SERVICES LLC | ADVISOR | $16,030 | — | $16,030 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $7,026 | — | $7,026 |
| MARTIN SMITH & COMPANY, CPAS , PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA INVESTMENT SERVICES LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,056
- Estimated Expense Ratio: 0.386% 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 | $24,635 | $17,609 | — | — | — |
| 2023 | $21,958 | $14,891 | — | — | — |
| 2022 | $23,365 | — | — | — | — |