Plan Snapshot
- Plan Sponsor: Mycronic
- Sponsor EIN: 043219080
- Sponsor Address: 554 CLARK ROAD, TEWKSBURY, MA, 01876
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 222
- Total Assets: $45.6M
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. |
|---|---|---|---|---|
| 2025 | 222 | $45.6M | $0 | $0 |
| 2024 | 146 | $40.9M | $833,899 | $1.6M |
| 2023 | 147 | $38.1M | $752,937 | $1.5M |
| 2022 | 158 | $35.1M | $707,995 | $1.4M |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $66,404 | — | $66,404 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $37,207 | — | $37,207 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,611
- Estimated Expense Ratio: 0.227% 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 |
|---|---|---|---|---|---|
| 2025 | $3,935,726 | $69,696 | — | — | — |
| 2024 | $99,684 | $61,518 | — | — | — |
| 2023 | $93,235 | $57,869 | — | — | — |
| 2022 | $121,715 | — | — | — | — |