Plan Snapshot
- Plan Sponsor: Mr. Bult'S, INC.
- Sponsor EIN: 363408042
- Sponsor Address: 2627 EAST 139TH STREET, BURNHAM, IL, 60633
- Plan Type: 401(k)
- Total Participants: 1,749
- Total Assets: $23.1M
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 | 1,749 | $23.1M | $991,606 | $2.6M |
| 2023 | 1,235 | $20.2M | $915,381 | $2.4M |
| 2022 | 1,232 | $17.4M | $871,754 | $2.3M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $56,423 | — | $56,423 |
| NEWPORT TRUST COMPANY | TRUSTEE | $13,419 | — | $13,419 |
| MCMAHON & ASSOCIATES, CPA PC | AUDITOR | $9,000 | — | $9,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,842
- Estimated Expense Ratio: 0.342% 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 | $78,842 | — | $2,515 | $9,000 | — |
| 2023 | $71,333 | — | $2,414 | $9,500 | — |
| 2022 | $84,723 | — | $65,708 | — | $19,015 |