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THE OPEN 401K MEP FIDUCIARY WISE, LLC 401k Plan overview

Plan NameTHE OPEN 401K MEP FIDUCIARY WISE, LLC
Plan identification number 338

THE OPEN 401K MEP FIDUCIARY WISE, LLC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FIDUCIARY WISE, LLC FBO MILAGRO FOUNDATION RETIREMENT SAVINGS has sponsored the creation of one or more 401k plans.

Company Name:FIDUCIARY WISE, LLC FBO MILAGRO FOUNDATION RETIREMENT SAVINGS
Employer identification number (EIN):650804625
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE OPEN 401K MEP FIDUCIARY WISE, LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3382023-01-01KRISTI DALLEY2024-06-28
3382022-01-01KRISTI DALLEY2023-07-07
3382021-01-01KRISTI DALLEY2022-07-26
3382020-01-01KRISTI DALLEY2021-07-29

Plan Statistics for THE OPEN 401K MEP FIDUCIARY WISE, LLC

401k plan membership statisitcs for THE OPEN 401K MEP FIDUCIARY WISE, LLC

Measure Date Value
2025: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2025 401k membership
Total number of particpants at beginning of year2025-10-0922
Total number of particpants at end of year2025-10-0923
Number of Participants With Account Balances2025-10-099
2024: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2024 401k membership
Total number of particpants at beginning of year2024-06-2823
Total number of particpants at end of year2024-06-2822
Number of Participants With Account Balances2024-06-289
2022: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2022 401k membership
Total number of particpants at beginning of year2022-07-2615
Total number of particpants at end of year2022-07-2618
Number of Participants With Account Balances2022-07-267

Financial Data on THE OPEN 401K MEP FIDUCIARY WISE, LLC

Measure Date Value
2025 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-093206
Net assets as of the end of the plan year2025-10-09143401
Total assets as of the beginning of the plan year2025-10-09109633
Value of plan covered by a fidelity bond2025-10-09250000
Participant contributions to plan in this plan year2025-10-0915870
Value of participant loans at end of plan year2025-10-091034
Other income to plan in this plan year2025-10-0921104
Plan net income in this plan year2025-10-0933768
Net assets as of the end of the plan year2025-10-09143401
Net assets as of the beginning of the plan year2025-10-09109633
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-091746
2024 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-28974
Net assets as of the end of the plan year2024-06-28109633
Total assets as of the beginning of the plan year2024-06-2874302
Value of plan covered by a fidelity bond2024-06-28250000
Participant contributions to plan in this plan year2024-06-2814609
Value of participant loans at end of plan year2024-06-283123
Other income to plan in this plan year2024-06-2821696
Plan net income in this plan year2024-06-2835331
Net assets as of the end of the plan year2024-06-28109633
Net assets as of the beginning of the plan year2024-06-2874302
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-28974
2022 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-2611466
Net assets as of the end of the plan year2022-07-2678201
Total assets as of the beginning of the plan year2022-07-2661196
Value of plan covered by a fidelity bond2022-07-261000000
Participant contributions to plan in this plan year2022-07-2619409
Value of participant loans at end of plan year2022-07-268091
Other income to plan in this plan year2022-07-269062
Plan net income in this plan year2022-07-2617005
Net assets as of the end of the plan year2022-07-2678201
Net assets as of the beginning of the plan year2022-07-2661196
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-261176

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