# Midland Savings 401(k) Plan
Source: https://planprovider.pro/companies/industrial-kiln-dryer-group-inc-401k-plan

> Midland Savings's 401(k) plan: 373 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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