# General Grind And Machine, INC. 401(k) Plan
Source: https://planprovider.pro/companies/general-grind-and-machine-inc-401k-plan

> General Grind And Machine, INC.'s 401(k) plan: 268 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/honkamp-pc) — Auditor

- [MWA FINANCIAL SERVICES INC](https://planprovider.pro/provider/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|—|—|

## Similar Plans

- [Slidematic Precision Components, INC.](https://planprovider.pro/companies/slidematic-precision-components-inc-401k-plan) — 272 participants

- [Swiss Automation, INC.](https://planprovider.pro/companies/swiss-automation-inc-401k-plan) — 283 participants

- [Semblex Corporation](https://planprovider.pro/companies/semblex-corporation-401k-plan) — 307 participants

- [Qcc, LLC](https://planprovider.pro/companies/qcc-llc-401k-plan) — 180 participants

- [Midstate Manufacturing Company](https://planprovider.pro/companies/midstate-manufacturing-company-401k-plan) — 171 participants

- [Donson Machine Co., INC.](https://planprovider.pro/companies/donson-machine-co-inc-401k-plan) — 163 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/general-grind-and-machine-inc-401k-plan)

© 2026 PlanProvider.Pro