Plan Snapshot
- Plan Sponsor: Madone INC
- Sponsor EIN: 411565932
- Sponsor Address: 2919 W SERVICE RD, EAGAN, MN, 551211224
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $2.3M
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 | 174 | $2.3M | $143,840 | $286,867 |
| 2023 | 187 | $1.9M | $127,109 | $236,576 |
| 2022 | 145 | $1.4M | $111,248 | $210,549 |
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 |
|---|---|---|---|---|
| ABDO, PPL | 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 | $15,783 | $8,482 | $6,441 | — | — |
| 2023 | $16,804 | $7,791 | $8,110 | — | — |
| 2022 | $10,307 | $6,346 | $3,961 | — | — |