# Mormac Marine Group, INC 401(k) Plan
Source: https://planprovider.pro/companies/mormac-marine-group-inc-061192642-501

> Mormac Marine Group, INC's 401(k) plan: 218 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mormac Marine Group, INC

- **Sponsor EIN:** 061192642

- **Sponsor Address:** 7300 ENGLE RD, CLEVELAND, OH, 441303429

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

- **Plan Number:** 501

- **Total Participants:** 218

- **Total Assets:** $0

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|218|$0|$0|$0|

| 2023|219|$0|$0|$0|

| 2022|262|$0|$0|$0|

## 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|

| UNITED HEALTHCARE SERVICES INC|Other Service Provider|$269,201|—|$269,201|

| GALLAGER BENEFIT SERVICES CORP|Investment Advisor|$33,814|—|$33,814|

| METROPOLITAN LIFE INSURANCE COMPANY|Other Service Provider|$7,324|—|$7,324|

### Verified Provider Profiles

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

- [GALLAGER BENEFIT SERVICES CORP](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — Investment Advisor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $310,339

### 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|—|—|—|—|—|

| 2023|—|—|—|—|—|

| 2022|—|—|—|—|—|

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