Plan Snapshot
- Plan Sponsor: Monahan Products, LLC
- Sponsor EIN: 030567631
- Sponsor Address: 276 WEYMOUTH STREET, ROCKLAND, MA, 02370
- Plan Type: 401(k)
- Total Participants: 194
- Total Assets: $13.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 194 | $13.7M | $286,899 | $1.4M |
| 2023 | 166 | $10.3M | $257,622 | $1.2M |
| 2022 | 154 | $7.5M | $219,001 | $1.1M |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | Investment Advisor | $29,138 | — | $29,138 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $20,617 | — | $20,617 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $13,296 | — | $13,296 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,051
- Estimated Expense Ratio: 0.460% 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 | $92,084 | — | — | — | — |
| 2023 | $67,227 | — | — | — | — |
| 2022 | $51,750 | — | — | — | — |