# Madison Electric Company 401(k) Plan
Source: https://planprovider.pro/companies/madison-electric-company-401k-plan

> Madison Electric Company's 401(k) plan: 469 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Madison Electric Company

- **Sponsor EIN:** 380783210

- **Sponsor Address:** 31855 VAN DYKE AVENUE, WARREN, MI, 48093

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

- **Total Participants:** 469

- **Total Assets:** $46.4M

## 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|469|$46.4M|$422,566|$2.1M|

| 2023|428|$42.4M|$410,360|$2.1M|

| 2022|399|$36.0M|$373,877|$1.9M|

## 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|

| WELLS FARGO CLEARING SERVICES LLC|ADVISOR|$34,567|—|$34,567|

| LEAFHOUSE|INVESTMENT ADVISOR|$16,526|—|$16,526|

| CAPFINANCIAL PARTNERS, LLC.|INVESTMENT ADVISOR|$7,500|—|$7,500|

| GORDON ADVISORS|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [GORDON ADVISORS](https://planprovider.pro/provider/gordon-advisors-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $58,593

- **Estimated Expense Ratio:** 0.126% 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|$7,621|$62,309|—|—|—|

| 2023|$148|$46,787|—|$16,500|—|

| 2022|$115,351|$137|—|—|—|

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