Plan Snapshot
- Plan Sponsor: Motors & Armatures, INC.
- Sponsor EIN: 111876943
- Sponsor Address: 250 RABRO DRIVE EAST, HAUPPAUGE, NY, 11788
- Plan Type: 401(k)
- Total Participants: 148
- Total Assets: $42.8M
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 | 148 | $42.8M | $1.8M | $1.0M |
| 2023 | 142 | $37.6M | $1.5M | $912,441 |
| 2022 | 139 | $29.6M | $1.5M | $863,770 |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, LLC | TPA | $70,855 | — | $70,855 |
| MORGAN STANLEY SMITH BARNEY | INVESTMENT ADVISOR | $64,313 | — | $64,313 |
| NATONAL FINANCIAL SERVICES | CUSTODIAL | $13,373 | — | $13,373 |
| RELIANCE TRUST | TRUSTEE | $5,626 | — | $5,626 |
| BORIS BENIC AND ASSOCIATES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, LLC — TPA
- MORGAN STANLEY SMITH BARNEY — INVESTMENT ADVISOR
- RELIANCE TRUST — TRUSTEE
- BORIS BENIC AND ASSOCIATES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $154,167
- Estimated Expense Ratio: 0.360% 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 | $154,167 | $64,313 | — | — | — |
| 2023 | $132,776 | $59,096 | — | — | — |
| 2022 | $131,593 | $58,135 | — | — | $73,458 |