# Phoenix Mecano, INC. 401(k) Plan
Source: https://planprovider.pro/companies/phoenix-mecano-inc-401k-plan

> Phoenix Mecano, INC.'s 401(k) plan: 73 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/smith-elliott-kearns-and-company-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|—|—|

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