# Microplastics INC 401(k) Plan
Source: https://planprovider.pro/companies/iplastics-llc-401k-plan

> Microplastics INC's 401(k) plan: 157 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Microplastics INC

- **Sponsor EIN:** 272593452

- **Sponsor Address:** 406 38TH AVE, SAINT CHARLES, IL, 601745426

- **Plan Type:** 401(k)

- **Total Participants:** 157

- **Total Assets:** $6.7M

## 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|157|$6.7M|$175,326|$347,659|

| 2023|203|$6.9M|$285,495|$486,027|

| 2022|238|$8.1M|$355,031|$573,813|

## 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|

| PORTE BROWN, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PORTE BROWN, LLC](https://planprovider.pro/provider/porte-brown-llc) — Auditor

## 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|$45,206|$23,637|$20,709|—|—|

| 2023|$53,032|$28,311|$23,861|—|—|

| 2022|$56,649|$29,672|$26,977|—|—|

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