Plan Snapshot
- Plan Sponsor: General Grind And Machine, INC.
- Sponsor EIN: 363049009
- Sponsor Address: PO BOX 168, ALEDO, IL, 612310168
- Plan Type: 401(k)
- Total Participants: 268
- Total Assets: $32.9M
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 | 268 | $32.9M | $462,931 | $1.4M |
| 2023 | 305 | $29.8M | $544,118 | $1.5M |
| 2022 | 329 | $26.0M | $655,165 | $1.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $89,006 | — | $89,006 |
| GENERAL GRIND AND MACHIN | ACCOUNTANT | $16,996 | — | $16,996 |
| HONKAMP, P.C | Auditor | $16,996 | — | $16,996 |
| MWA FINANCIAL SERVICES INC | OTHER SERVICES | — | $13,110 | $13,110 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HONKAMP, P.C — Auditor
- MWA FINANCIAL SERVICES INC — OTHER SERVICES
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,108
- Estimated Expense Ratio: 0.414% 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 | $106,002 | — | $89,006 | $16,996 | — |
| 2023 | $77,315 | — | $77,315 | — | — |
| 2022 | $70,617 | — | $70,617 | — | — |