Plan Snapshot
- Plan Sponsor: Electric Machinery Company LLC
- Sponsor EIN: 522147192
- Sponsor Address: 800 CENTRAL AVENUE NE, MINNEAPOLIS, MN, 55413
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $17.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 95 | $17.7M | $312,283 | $538,937 |
| 2023 | 99 | $15.7M | $289,449 | $480,402 |
| 2022 | 78 | $14.9M | $202,938 | $453,139 |
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 |
|---|---|---|---|---|
| SMITH SCHAFER & ASSOCIATES | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $11,956 | $4,677 | — | — | — |
| 2023 | $5,932 | $4,501 | — | — | — |
| 2022 | $5,340 | $3,921 | — | — | — |