Plan Snapshot
- Plan Sponsor: Madison Industrial Solutions Corporation
- Sponsor EIN: 472282126
- Sponsor Address: 444 WEST LAKE DRIVE, SUITE 4400, CHICAGO, CA, 60606
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 137
- Total Assets: $9.6M
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. |
|---|---|---|---|---|
| 2025 | 137 | $9.6M | $0 | $0 |
| 2024 | 133 | $8.7M | $212,336 | $664,816 |
| 2023 | 151 | $8.3M | $311,846 | $974,554 |
| 2022 | 314 | $12.5M | $468,808 | $1.4M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $27,536 | — | $27,536 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $19,828 | — | $19,828 |
| HANCOCK ASKEW & CO., LLP | Auditor | $9,650 | — | $9,650 |
| BAKER TILLY VIRCHOW KRAUSE, LLP | Auditor | $8,650 | — | $8,650 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,044 | — | $8,044 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,708
- Estimated Expense Ratio: 0.769% 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 |
|---|---|---|---|---|---|
| 2025 | $1,347,321 | $35,580 | — | $18,300 | — |
| 2024 | $77,258 | $33,783 | — | $19,000 | — |
| 2023 | $113,355 | $59,875 | — | $15,550 | — |
| 2022 | $122,692 | $85,642 | $37,050 | — | — |