Plan Snapshot
- Plan Sponsor: Mtc Us Corp.
- Sponsor EIN: 261314191
- Sponsor Address: 180 LAMAR HALEY PKWY, CANTON, GA, 30114
- Plan Type: 401(k)
- Total Participants: 550
- Total Assets: $44.9M
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 | 550 | $44.9M | $1.7M | $2.3M |
| 2023 | 474 | $39.7M | $1.4M | $1.9M |
| 2022 | 400 | $35.0M | $1.2M | $1.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $122,516 | — | $122,516 |
| RAYMOND JAMES & ASSOCIATES INC | INVESTMENT ADVISOR | $37,500 | — | $37,500 |
| CARR, RIGGS & INGRAM, LLC | AUDITOR | $16,000 | — | $16,000 |
| CARR RIGGS AND INGRAM LLC | Auditor | $16,000 | — | $16,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $192,016
- Estimated Expense Ratio: 0.427% 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 | $176,016 | $37,500 | — | $16,000 | — |
| 2023 | $146,658 | $37,500 | — | $16,200 | — |
| 2022 | $170,541 | $83,010 | $87,531 | — | — |