Plan Snapshot
- Plan Sponsor: Mtac, INC.
- Sponsor EIN: 853305242
- Sponsor Address: 1029 MARYLAND AVENUE, HAGERSTOWN, MD, 21740
- Plan Type: 401(k)
- Total Participants: 226
- Total Assets: $1.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 226 | $1.1M | $263,239 | $235,101 |
| 2023 | 193 | $581,443 | $256,292 | $122,414 |
| 2022 | 37 | $151,762 | $92,006 | $38,721 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Recordkeeper | $19,008 | — | $19,008 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $5,589 | — | $5,589 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — Recordkeeper
- GLOBAL RETIREMENT PARTNERS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,597
- Estimated Expense Ratio: 2.258% 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 | $21,972 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |