# Material Control Systems, INC 401(k) Plan
Source: https://planprovider.pro/companies/material-control-systems-inc-401k-plan

> Material Control Systems, INC&#39;s 401(k) plan: 204 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| 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:** $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|$33,530|—|$33,530|—|—|

| 2023|$38,702|$7,590|$31,112|—|—|

| 2022|$33,273|$7,497|—|—|$25,776|

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