# Safepoint Mga, LLC 401(k) Plan
Source: https://planprovider.pro/companies/safepoint-mga-llc-401k-plan

> Safepoint Mga, LLC's 401(k) plan: 250 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Safepoint Mga, LLC

- **Sponsor EIN:** 462941255

- **Sponsor Address:** 12640 TELECOM DRIVE, TEMPLE TERRACE, FL, 33637

- **Plan Type:** 401(k)

- **Total Participants:** 250

- **Total Assets:** $7.6M

## 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.|

| 2024|250|$7.6M|$1.1M|$1.2M|

| 2023|187|$5.0M|$436,026|$557,017|

| 2022|152|$3.7M|$399,397|$454,750|

## 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|

| RESOURCES INVESTMENT ADVISORS, INC.|CONSULTANT|$21,964|—|$21,964|

| ADP, INC.|RECORD KEEPER|$12,476|—|$12,476|

| THOMAS HOWELL FERGUSON P.A.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RESOURCES INVESTMENT ADVISORS, INC.](https://planprovider.pro/provider/epic-retirement-plan-services) — CONSULTANT

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [THOMAS HOWELL FERGUSON P.A.](https://planprovider.pro/provider/thomas-howell-ferguson-pa) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $34,440

- **Estimated Expense Ratio:** 0.454% 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|$34,441|$21,965|—|—|—|

| 2023|$32,400|$14,353|—|—|—|

| 2022|$16,906|—|—|—|—|

## Similar Plans

- [Ltc Global, INC.](https://planprovider.pro/companies/ltc-global-inc-401k-plan) — 264 participants

- [Crowne Consulting Group](https://planprovider.pro/companies/crowne-consulting-group-plan) — 228 participants

- [Usg Management Services Of Florida, INC.](https://planprovider.pro/companies/usg-management-services-of-florida-inc-401k-plan) — 219 participants

- [King Risk Partners, LLC](https://planprovider.pro/companies/king-insurance-agency-of-gainesville-llc-401k-plan) — 288 participants

- [Gis National, LLC](https://planprovider.pro/companies/gis-national-llc-plan-001) — 295 participants

- [People'S Trust Insurance Co.](https://planprovider.pro/companies/people-s-trust-insurance-co-401k-plan) — 312 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/safepoint-mga-llc-401k-plan)

© 2026 PlanProvider.Pro