Plan Snapshot
- Plan Sponsor: Mystic, INC.
- Sponsor EIN: 133533735
- Sponsor Address: 463 SEVENTH AVENUE, NEW YORK, NY, 10018
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $22.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 118 | $22.1M | $104,356 | $794,660 |
| 2023 | 109 | $19.1M | $78,847 | $751,707 |
| 2022 | 89 | $16.5M | $75,921 | $639,599 |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | — | — | $0 |
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 | $35,000 | — | — | — | — |
| 2023 | $918,622 | — | -$9,624 | — | — |
| 2022 | -$12,043 | — | — | — | — |