Plan Snapshot
- Plan Sponsor: Mate Precision Technologies
- Sponsor EIN: 410881512
- Sponsor Address: 1295 LUND BLVD., ANOKA, MN, 55303
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $83.6M
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 | 265 | $83.6M | $905,444 | $2.4M |
| 2023 | 271 | $71.6M | $1.1M | $2.3M |
| 2022 | 269 | $61.5M | $1.0M | $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 |
|---|---|---|---|---|
| GRANT THORNTON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON — 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 | $81,080 | $45,605 | $600 | — | — |
| 2023 | -$30,063 | $37,714 | $300 | — | — |
| 2022 | -$23,248 | — | — | — | — |