Plan Snapshot
- Plan Sponsor: Msc Development, INC.
- Sponsor EIN: 562115711
- Sponsor Address: 725 PARK CENTER DRIVE, MATTHEWS, NC, 28105
- Plan Type: 401(k)
- Total Participants: 403
- Total Assets: $9.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 403 | $9.8M | $353,676 | $1.2M |
| 2023 | 413 | $8.1M | $284,108 | $1.1M |
| 2022 | 359 | $6.7M | $269,671 | $913,603 |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS, PLLC — Auditor
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 | $43,293 | $17,241 | $7,159 | — | — |
| 2023 | $18,280 | — | $18,280 | — | — |
| 2022 | $25,021 | — | $25,021 | — | — |