Plan Snapshot
- Plan Sponsor: Mpv Morganton Pressure Vessels North Carolina L.L.C.
- Sponsor EIN: 030607076
- Sponsor Address: 1 ALFREDO BAGLIONI DRIVE, MARION, NC, 28752
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 58
- Total Assets: $8,614
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 | 58 | $8,614 | $460,899 | $102,292 |
| 2023 | 73 | $57,990 | $425,210 | $108,362 |
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 |
|---|---|---|---|---|
| ALLIED BENEFIT SYSTEMS | Other Service Provider | $43,244 | — | $43,244 |
| JOHNSON, KENDALL & JOHNSON INC | Investment Advisor | $22,000 | — | $22,000 |
| THE BENECON GROUP | Investment Advisor | $18,037 | — | $18,037 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,281
- Estimated Expense Ratio: 966.810% 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 | $620,880 | — | — | — | — |
| 2023 | $504,601 | — | — | — | — |