Plan Snapshot
- Plan Sponsor: Mlt Systems LLC
- Sponsor EIN: 743251950
- Sponsor Address: 16 CENTER STREET SUITE 103, STAFFORD, VA, 22556
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $8.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 197 | $8.0M | $418,655 | $1.3M |
| 2023 | 157 | $6.2M | $412,503 | $943,022 |
| 2022 | 121 | $5.1M | $310,438 | $903,215 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $7,219 | — | $7,219 |
| PB MARES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,219
- Estimated Expense Ratio: 0.090% 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 | $7,219 | $2,037 | — | — | — |
| 2023 | $4,316 | $199 | — | — | — |
| 2022 | $3,067 | — | — | — | — |