Plan Snapshot
- Plan Sponsor: Mona Electric Group, INC.
- Sponsor EIN: 520846122
- Sponsor Address: 7915 MALCOLM RD, CLINTON, MD, 207351768
- Plan Type: 401(k)
- Total Participants: 78
- Total Assets: $19.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 78 | $19.0M | $294,970 | $681,392 |
| 2023 | 81 | $16.5M | $308,215 | $675,608 |
| 2022 | 79 | $14.1M | $283,458 | $642,233 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $66,638 | — | $66,638 |
| RAYMOND JAMES FINANCIAL SERVICES | Investment Advisor | — | $42,338 | $42,338 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL SERVICES — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,976
- Estimated Expense Ratio: 0.574% 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 | $66,638 | — | $66,638 | — | — |
| 2023 | $56,070 | — | $56,070 | — | — |
| 2022 | $2,867 | — | $2,867 | — | — |