Plan Snapshot
- Plan Sponsor: Pako, INC.
- Sponsor EIN: 341123019
- Sponsor Address: 7615 JENTHER DRIVE, MENTOR, OH, 44060
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $17.8M
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 | 214 | $17.8M | $311,464 | $923,510 |
| 2023 | 209 | $18.4M | $264,272 | $859,176 |
| 2022 | 188 | $16.5M | $222,811 | $778,193 |
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 |
|---|---|---|---|---|
| MGO ONE SEVEN, LLC | Recordkeeper | $58,507 | $18,789 | $77,296 |
| NATIONWIDE | Recordkeeper | $40,599 | — | $40,599 |
| MGO ONE SEVEN LLC | Investment Advisor | $31,244 | $5,858 | $37,102 |
| MGO SECURITIES CORP | Investment Advisor | — | $33,884 | $33,884 |
| NATIONWIDE | Investment Advisor | — | $10,935 | $10,935 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
- NATIONWIDE — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,816
- Estimated Expense Ratio: 1.120% 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 | $89,811 | — | $89,811 | — | — |
| 2023 | $151,694 | — | $151,694 | — | — |
| 2022 | $154,856 | $26,784 | — | — | — |