Plan Snapshot
- Plan Sponsor: Modern Plumbing Industries, INC.
- Sponsor EIN: 591884437
- Sponsor Address: 255 OLD SANFORD OVIEDO ROAD, WINTER SPRINGS, FL, 32708
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $6.6M
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 | 110 | $6.6M | $268,484 | $426,567 |
| 2023 | 104 | $5.5M | $245,378 | $378,926 |
| 2022 | 97 | $4.2M | $211,740 | $337,225 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE CO | Recordkeeper | $29,198 | — | $29,198 |
| RAYMOND JAMES & ASSOC | Recordkeeper | $15,495 | — | $15,495 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE CO — Recordkeeper
- RAYMOND JAMES & ASSOC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,693
- Estimated Expense Ratio: 0.675% 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 | $45,993 | $15,495 | $30,498 | — | — |
| 2023 | $36,440 | $12,080 | $24,360 | — | — |
| 2022 | $34,412 | $10,932 | $20,680 | — | $2,800 |