Plan Snapshot
- Plan Sponsor: Martin Brothers Distributing Company, INC.
- Sponsor EIN: 420841720
- Sponsor Address: P.O. BOX 69, CEDAR FALLS, IA, 506130069
- Plan Type: 401(k)
- Total Participants: 575
- Total Assets: $118.4M
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 | 575 | $118.4M | $0 | $2.4M |
| 2023 | 555 | $122.1M | $0 | $2.2M |
| 2022 | 538 | $114.8M | $0 | $2.2M |
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 |
|---|---|---|---|---|
| ACCEL WEALTH MANAGEMENT | INVESTMENT ADVISORY | $36,786 | $95,664 | $132,450 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $81,953 | — | $81,953 |
| HOGAN-HANSEN, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $214,403
- Estimated Expense Ratio: 0.181% 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 | $118,789 | $36,786 | $81,953 | — | — |
| 2023 | $102,625 | $29,242 | $73,383 | — | — |
| 2022 | $76,973 | — | $77,259 | — | — |