Plan Snapshot
- Plan Sponsor: The Medical Association Of The State Of Alabama (Masa)
- Sponsor EIN: 630268042
- Sponsor Address: 19 SOUTH JACKSON STREET, MONTGOMERY, AL, 36104
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,046
- Total Assets: $6.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,046 | $6.6M | $16.3M | $0 |
| 2023 | 1,047 | $6.6M | $17.1M | $0 |
| 2022 | 1,293 | $6.5M | $17.5M | $0 |
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 |
|---|---|---|---|---|
| MEDICAL ASSOCIATION OF THE STATE OF | Other Service Provider | $295,000 | — | $295,000 |
| MAYNARD NEXSEN PC CORPORATION | ERISA Attorney | $53,500 | — | $53,500 |
| YEARY & MOORE, LLC | Other Service Provider | $48,000 | — | $48,000 |
| ALDRIDGE, BORDEN & COMPANY, P.C. | Auditor | $24,800 | — | $24,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MAYNARD NEXSEN PC CORPORATION — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $421,300
- Estimated Expense Ratio: 6.392% 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 | $451,219 | $12,921 | $295,000 | $24,800 | — |
| 2023 | $407,713 | $11,305 | $295,000 | $20,000 | — |
| 2022 | $381,680 | $8,097 | $294,545 | — | $37,330 |