Plan Snapshot
- Plan Sponsor: Mortgage Capital Trading, INC.
- Sponsor EIN: 752996152
- Sponsor Address: 406 9TH AVE STE 314, SAN DIEGO, CA, 921017498
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $12.8M
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 | 102 | $12.8M | $500,000 | $942,662 |
| 2023 | 104 | $10.0M | $0 | $952,046 |
| 2022 | 126 | $7.8M | $300,000 | $871,197 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $27,416 | $7 | $27,423 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $24,302 | — | $24,302 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,725
- Estimated Expense Ratio: 0.403% 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 | $51,718 | $10,967 | $24,302 | — | — |
| 2023 | $41,946 | $8,206 | $21,431 | — | — |
| 2022 | $41,735 | $8,089 | $21,512 | — | $12,134 |