# Malco Tools, INC. 401(k) Plan
Source: https://planprovider.pro/companies/malco-products-sbc-401k-plan

> Malco Tools, INC.'s 401(k) plan: 152 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/lewis-kisch-and-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|—|—|

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