# The Mast General Store, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-mast-general-store-inc-561383180-002

> The Mast General Store, INC.'s 401(k) plan: 276 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Mast General Store, INC.

- **Sponsor EIN:** 561383180

- **Sponsor Address:** 200 PUNKIN CENTER, BANNER ELK, NC, 286047821

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

- **Plan Number:** 002

- **Total Participants:** 276

- **Total Assets:** $16.3M

## 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|276|$16.3M|$318,174|$893,346|

| 2023|287|$15.2M|$300,501|$819,154|

| 2022|315|$13.7M|$281,636|$734,943|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|Recordkeeper|$39,240|—|$39,240|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $39,240

- **Estimated Expense Ratio:** 0.240% 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|$39,240|—|$39,240|—|—|

| 2023|$34,769|—|$34,769|—|—|

| 2022|$39,969|—|$39,969|—|—|

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