# Martin Brothers Distributing Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/martin-brothers-distributing-company-inc-401k-plan

> Martin Brothers Distributing Company, INC.'s 401(k) plan: 575 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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