Plan Snapshot
- Plan Sponsor: Mortgage Industry Advisory Corporation
- Sponsor EIN: 133559023
- Sponsor Address: 1325 AVENUE OF THE AMERICAS, NEW YORK, NY, 10019
- Plan Type: 401(k)
- Total Participants: 89
- Total Assets: $16.3M
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 | 89 | $16.3M | $0 | $757,750 |
| 2023 | 81 | $14.5M | $0 | $762,378 |
| 2022 | 135 | $12.2M | $0 | $946,902 |
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 |
|---|---|---|---|---|
| CADARET, GRANT AND CO, INC | Other Service Provider | $51,842 | — | $51,842 |
| ASCENSUS LLC | Other Service Provider | $11,953 | $241 | $12,194 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,036
- Estimated Expense Ratio: 0.392% 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 | $63,795 | $51,842 | $11,953 | — | — |
| 2023 | $65,856 | $50,138 | $15,718 | — | — |
| 2022 | $62,409 | $49,575 | $12,834 | — | — |