# Monaghan Medical Corp. 401(k) Plan
Source: https://planprovider.pro/companies/monaghan-medical-corp-401k-plan

> Monaghan Medical Corp.'s 401(k) plan: 212 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Monaghan Medical Corp.

- **Sponsor EIN:** 141552699

- **Sponsor Address:** 153 INDUSTRIAL BOULEVARD, PLATTSBURGH, NY, 12901

- **Plan Type:** 401(k)

- **Total Participants:** 212

- **Total Assets:** $29.9M

## 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|212|$29.9M|$821,075|$1.7M|

| 2023|223|$27.1M|$789,132|$1.6M|

| 2022|221|$21.5M|$635,798|$1.4M|

## 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|

| GLOBAL RETIREMENT PARTNERS LLC|INVESTMENT ADVISOR|$29,332|—|$29,332|

| EMPOWER LIFE & ANNUITY INSURANCE CO|RECORDKEEPER|$28,536|—|$28,536|

| GALLAGHER FLYNN & CO LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GALLAGHER FLYNN & CO LLP](https://planprovider.pro/provider/gallagher-flynn-and-co-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $57,868

- **Estimated Expense Ratio:** 0.194% 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|$60,028|$29,332|—|—|—|

| 2023|$42,300|$16,713|—|—|—|

| 2022|$59,607|$38,052|$21,555|—|—|

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