Plan Snapshot
- Plan Sponsor: The Mcpherson Companies, INC.
- Sponsor EIN: 630657937
- Sponsor Address: 5051 CARDINAL STREET, TRUSSVILLE, AL, 35173
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $20.0M
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 | 265 | $20.0M | $376,886 | $1.5M |
| 2023 | 233 | $18.9M | $307,686 | $1.4M |
| 2022 | 199 | $16.3M | $595,019 | $1.3M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY & CO INC | Investment Advisor | — | $25,643 | $25,643 |
| MORGAN STANLEY INSURANCE SERVICES I | Investment Advisor | — | $10,650 | $10,650 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $8,553 | — | $8,553 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,846
- Estimated Expense Ratio: 0.224% 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 | $9,259 | $706 | — | — | — |
| 2023 | $7,049 | — | $7,049 | — | — |
| 2022 | $8,396 | — | $7,486 | — | — |