Plan Snapshot
- Plan Sponsor: Material Control Systems, INC
- Sponsor EIN: 363456948
- Sponsor Address: 211 N MAIN STREET, PORT BYRON, IL, 61275
- Plan Type: 401(k)
- Total Participants: 204
- Total Assets: $3.5M
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 | 204 | $3.5M | $205,547 | $415,342 |
| 2023 | 197 | $3.0M | $189,818 | $368,157 |
| 2022 | 148 | $3.1M | $152,488 | $286,484 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $18,902 | — | $18,902 |
| PENTEGRA RETIREMENT SERVICES, INC. | RECORDKEEPER | $14,139 | — | $14,139 |
| QUAD CITY INVESTMENT ADVISORS | INVESTMENT ADVISOR | $7,269 | — | $7,269 |
| SWEENEY CONRAD PS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,310
- Estimated Expense Ratio: 1.154% 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 | $33,530 | — | $33,530 | — | — |
| 2023 | $38,702 | $7,590 | $31,112 | — | — |
| 2022 | $33,273 | $7,497 | — | — | $25,776 |