Plan Snapshot
- Plan Sponsor: Mjo Industries
- Sponsor EIN: 251841702
- Sponsor Address: 8000 TECHNOLOGY BOULEVARD, HUBER HEIGHTS, OH, 45424
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $11.4M
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. |
|---|---|---|---|---|
| 2024 | 131 | $11.4M | $269,063 | $620,782 |
| 2023 | 131 | $9.9M | $265,658 | $618,811 |
| 2022 | 133 | $9.5M | $292,246 | $660,742 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | BROKER | $29,212 | $24,416 | $53,628 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $47,039 | — | $47,039 |
| MCGILL, POWER, BELL & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — BROKER
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,667
- Estimated Expense Ratio: 0.880% 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 | $80,195 | — | $50,983 | — | — |
| 2023 | $73,086 | — | $43,083 | — | — |
| 2022 | $74,418 | — | $40,465 | — | — |