Plan Snapshot
- Plan Sponsor: Phoenix Mecano, INC.
- Sponsor EIN: 521221016
- Sponsor Address: 7330 EXECUTIVE WAY, FREDERICK, MD, 21704
- Plan Type: 401(k)
- Total Participants: 73
- Total Assets: $5.5M
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 | 73 | $5.5M | $191,182 | $349,289 |
| 2023 | 79 | $5.2M | $208,830 | $386,838 |
| 2022 | 80 | $4.5M | $163,914 | $298,572 |
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 |
|---|---|---|---|---|
| SMITH ELLIOTT KEARNS AND CO., LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH ELLIOTT KEARNS AND CO., LLC — Auditor
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 | $23,799 | $16,420 | $7,379 | — | — |
| 2023 | $22,571 | $14,491 | $8,080 | — | — |
| 2022 | $19,550 | $12,839 | $6,711 | — | — |