Plan Snapshot
- Plan Sponsor: Malco Tools, INC.
- Sponsor EIN: 410876482
- Sponsor Address: 14080 STATE HWY 55 NW, ANNANDALE, MN, 553023457
- Plan Type: 401(k)
- Total Participants: 152
- Total Assets: $21.4M
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 | 152 | $21.4M | $127,018 | $893,041 |
| 2023 | 133 | $21.5M | $182,538 | $905,437 |
| 2022 | 185 | $21.3M | $171,579 | $1.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $48,217 | — | $48,217 |
| CETERA INVESTMENT ADVISERS LLC | INVESTMENT ADVISORY | — | $18,792 | $18,792 |
| CETERA ADVISOR NETWORKS LLC | OTHER SERVICES | — | $16,025 | $16,025 |
| LEWIS, KISCH & ASSOCIATES, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEWIS, KISCH & ASSOCIATES, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,034
- Estimated Expense Ratio: 0.387% 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 | $48,218 | — | $48,218 | — | — |
| 2023 | $5,602 | — | $5,602 | — | — |
| 2022 | $3,250 | — | $3,250 | — | — |