Plan Snapshot
- Plan Sponsor: Mission Based Health Benefits, INC
- Sponsor EIN: 882122382
- Sponsor Address: 201 N WASHINGTON SQUARE, 920, LANSING, MI, 48933
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 577
- Total Assets: $667,895
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 | 577 | $667,895 | $3.7M | $1.6M |
| 2023 | 606 | $591,507 | $2.3M | $1.2M |
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 |
|---|---|---|---|---|
| LEWIS & ELLIS, INC. | Other Service Provider | $135,960 | — | $135,960 |
| MALONEY + NOVOTNY, LLC | Auditor | $39,250 | — | $39,250 |
| PIERSON FERDINAND | Other Service Provider | $27,500 | — | $27,500 |
| MRJ ACCOUNTING | Other Service Provider | $16,500 | — | $16,500 |
| INTEGRITY BENEFIT SOLUTIONS, LLC | Other Service Provider | $14,623 | — | $14,623 |
| IPFS CORPORATION | Other Service Provider | $12,514 | — | $12,514 |
| RHOADES MCKEE PC | Other Service Provider | $6,365 | — | $6,365 |
| FISHER BROYLES, LLP | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MALONEY + NOVOTNY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $257,712
- Estimated Expense Ratio: 38.586% 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 | $847,418 | — | $27,137 | $55,750 | — |
| 2023 | $568,338 | — | $23,828 | — | — |