Plan Snapshot
- Plan Sponsor: Mx Technologies, INC.
- Sponsor EIN: 272207054
- Sponsor Address: 3401 NORTH THANKSGIVING WAY SUITE 5, LEHI, UT, 84043
- Plan Type: 401(k)
- Total Participants: 436
- Total Assets: $45.9M
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 | 436 | $45.9M | $2.6M | $5.1M |
| 2023 | 540 | $39.1M | $3.1M | $5.4M |
| 2022 | 505 | $30.5M | $3.9M | $6.5M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $94,749 | — | $94,749 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $34,341 | — | $34,341 |
| LARSEN & COMPANY, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LARSEN & COMPANY, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,090
- Estimated Expense Ratio: 0.281% 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 | $129,090 | $94,749 | — | — | — |
| 2023 | $113,844 | $80,472 | — | — | — |
| 2022 | $199,924 | $158,470 | $40,392 | — | — |