Plan Snapshot
- Plan Sponsor: Midland Savings
- Sponsor EIN: 611352665
- Sponsor Address: 12711 TOWNEPARK WAY, LOUISVILLE, KY, 40243
- Plan Type: 401(k)
- Total Participants: 373
- Total Assets: $18.0M
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 | 373 | $18.0M | $281,787 | $1.1M |
| 2023 | 361 | $16.0M | $0 | $818,242 |
| 2022 | 324 | $13.5M | $0 | $792,455 |
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 |
|---|---|---|---|---|
| KING + COMPANY, CPAS | 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 | $71,776 | $63,185 | $8,591 | — | — |
| 2023 | $58,719 | $58,108 | $611 | — | — |
| 2022 | $55,798 | $54,459 | $1,339 | — | — |