Plan Snapshot
- Plan Sponsor: Martin Equipment Of Illinois, INC.
- Sponsor EIN: 371090568
- Sponsor Address: 400 WEST MARTIN DRIVE, GOODFIELD, IL, 61742
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $21.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 145 | $21.0M | $567,642 | $1.4M |
| 2023 | 171 | $17.2M | $499,512 | $1.3M |
| 2022 | 160 | $15.3M | $482,293 | $1.1M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $21,810 | — | — | — | — |
| 2023 | $58,019 | $4,150 | $53,869 | — | — |
| 2022 | $54,019 | $5,271 | $48,748 | — | — |