Plan Snapshot
- Plan Sponsor: Mitel (Delaware), INC.
- Sponsor EIN: 860220994
- Sponsor Address: 1146 N ALMA SCHOOL RD, MESA, AZ, 85201
- Plan Type: 401(k)
- Total Participants: 448
- Total Assets: $227.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 448 | $227.8M | $1.6M | $7.3M |
| 2023 | 550 | $202.8M | $1.8M | $7.9M |
| 2022 | 660 | $195.1M | $2.6M | $9.9M |
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 |
|---|---|---|---|---|
| MANSPERGER,PATTERSON,& MCMULLIN,PLC | Auditor | $11,700 | — | $11,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,700
- Estimated Expense Ratio: 0.005% 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 | $239,905 | $68,520 | $300 | $11,700 | — |
| 2023 | $208,946 | $48,270 | $600 | $10,825 | — |
| 2022 | $270,503 | $44,751 | — | — | — |