Plan Snapshot
- Plan Sponsor: Mortgage Equity Partners, LLC
- Sponsor EIN: 043545544
- Sponsor Address: 220 BROADWAY, SUITE 205, LYNNFIELD, MA, 019400000
- Plan Type: 401(k)
- Total Participants: 162
- Total Assets: $10.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 162 | $10.4M | $135,099 | $943,736 |
| 2023 | 169 | $8.5M | $144,227 | $884,723 |
| 2022 | 124 | $5.7M | $197,274 | $808,820 |
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 |
|---|---|---|---|---|
| CATHEDRAL CPAS AND ADVISORS, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $83,916 | $33,112 | $39,914 | — | — |
| 2023 | $55,873 | $25,005 | $28,978 | — | — |
| 2022 | $46,109 | $20,062 | $23,617 | — | — |