# Concept Machine Tool Sales, LLC 401(k) Plan
Source: https://planprovider.pro/companies/concept-machine-tool-sales-llc-401k-plan

> Concept Machine Tool Sales, LLC's 401(k) plan: 166 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Concept Machine Tool Sales, LLC

- **Sponsor EIN:** 411241969

- **Sponsor Address:** 15625 MEDINA ROAD, MINNEAPOLIS, MN, 55447

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

- **Total Participants:** 166

- **Total Assets:** $13.8M

## 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|166|$13.8M|$365,770|$1.1M|

| 2023|107|$12.5M|$279,020|$839,869|

| 2022|126|$11.2M|$258,268|$783,022|

## 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|

| OLSEN THIELEN & CO., LTD|Auditor|$14,900|—|$14,900|

### Verified Provider Profiles

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

- [OLSEN THIELEN & CO., LTD](https://planprovider.pro/provider/olsen-thielen-and-co-ltd) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $14,900

- **Estimated Expense Ratio:** 0.108% 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|$77,544|$31,049|$31,595|$14,900|—|

| 2023|$60,145|—|$60,145|—|—|

| 2022|—|—|—|—|—|

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