Plan Snapshot
- Plan Sponsor: Martin Engineering Company
- Sponsor EIN: 362336135
- Sponsor Address: ONE MARTIN PLACE, NEPONSET, IL, 613459766
- Plan Type: 401(k)
- Total Participants: 238
- Total Assets: $45.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 238 | $45.5M | $823,816 | $2.0M |
| 2023 | 239 | $41.6M | $776,742 | $1.8M |
| 2022 | 219 | $34.4M | $695,158 | $1.6M |
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 | $65,078 | — | $65,078 |
| GLOBAL RETIREMENT | CONSULTANT | $21,179 | $7,572 | $28,751 |
| THE RETIREMENT ADVANTAGE INC | CONTRACT ADMINISTRATOR | $125 | $25,000 | $25,125 |
| WELLTH ADVISORY | CONTRACT ADMINISTRATOR | $22,501 | — | $22,501 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT — CONSULTANT
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,455
- Estimated Expense Ratio: 0.311% 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 | $94,685 | — | $87,394 | — | — |
| 2023 | $67,106 | — | $61,647 | — | — |
| 2022 | $74,114 | — | $74,114 | — | — |