Plan Snapshot
- Plan Sponsor: Mj Insurance INC.
- Sponsor EIN: 351109367
- Sponsor Address: 571 MONON BOULEVARD, SUITE 400, CARMEL, IN, 46032
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 284
- Total Assets: $52.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 284 | $52.0M | $0 | $0 |
| 2024 | 225 | $41.9M | $642,089 | $3.0M |
| 2023 | 194 | $34.4M | $414,839 | $2.5M |
| 2022 | 189 | $27.2M | $393,140 | $2.3M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $15,386 | — | $15,386 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $8,420 | — | $8,420 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,806
- Estimated Expense Ratio: 0.046% 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 |
|---|---|---|---|---|---|
| 2025 | $2,735,926 | $8,420 | — | — | — |
| 2024 | $20,068 | $6,222 | — | — | — |
| 2023 | $16,706 | $4,460 | — | — | — |
| 2022 | $12,125 | $2,872 | — | — | — |