Plan Snapshot
- Plan Sponsor: Madison Precision Products, INC.
- Sponsor EIN: 330281975
- Sponsor Address: 94 EAST 400 NORTH, MADISON, IN, 47250
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 447
- Total Assets: $22.0M
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. |
|---|---|---|---|---|
| 2025 | 447 | $22.0M | $0 | $0 |
| 2024 | 343 | $19.6M | $661,088 | $913,454 |
| 2023 | 301 | $18.1M | $558,365 | $792,097 |
| 2022 | 274 | $15.1M | $511,269 | $733,773 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BANKING | Other Service Provider | $34,257 | — | $34,257 |
| RETIREMENT MANAGEMENT SERVICES LLC | Recordkeeper | $4,651 | $10,072 | $14,723 |
| VOYA RETIREMENT INS AND ANNUITY CO. | Other Service Provider | $6,050 | — | $6,050 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,030
- Estimated Expense Ratio: 0.251% 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 | $2,307,435 | $38,960 | $6,050 | — | — |
| 2024 | $58,145 | $47,545 | $9,250 | — | — |
| 2023 | $52,011 | $42,244 | — | — | — |
| 2022 | $55,086 | $39,109 | — | — | — |