# Magneco/Metrel, INC 401(k) Plan
Source: https://planprovider.pro/companies/magneco-metrel-inc-401k-plan

> Magneco/Metrel, INC's 401(k) plan: 123 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Magneco/Metrel, INC

- **Sponsor EIN:** 341191723

- **Sponsor Address:** 740 WAUKEGAN ROAD, DEERFIELD, IL, 60015

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

- **Total Participants:** 123

- **Total Assets:** $28.9M

## 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|123|$28.9M|$426,824|$1.2M|

| 2023|138|$25.6M|$720,566|$1.1M|

| 2022|114|$20.9M|$574,204|$790,009|

## 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|

| STRATEGIC ADVISORS, INC.|ADVISOR|$6,678|—|$6,678|

| MOWERY & SCHOENFELD, LLC.|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [MOWERY & SCHOENFELD, LLC.](https://planprovider.pro/provider/mowery-and-schoenfeld-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $6,678

- **Estimated Expense Ratio:** 0.023% 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|$8,591|$6,678|—|—|—|

| 2023|$7,156|$5,843|—|—|—|

| 2022|$492,090|—|$257|—|—|

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