Plan Snapshot
- Plan Sponsor: Material Sciences Corporation
- Sponsor EIN: 952673173
- Sponsor Address: 2250 E. PRATT BLVD., ELK GROVE VILLAGE, IL, 60007
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $55.1M
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 | 249 | $55.1M | $540,857 | $2.1M |
| 2023 | 297 | $52.3M | $1.1M | $1.7M |
| 2022 | 290 | $47.3M | $584,070 | $1.8M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $39,444 | — | $39,444 |
| WAVERLY ADVISORS | INVESTMENT ADVISOR | $32,736 | — | $32,736 |
| STRATEGIC FINANCIAL GROUP | INVESTMENT ADVISOR | $10,335 | — | $10,335 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,515
- Estimated Expense Ratio: 0.150% 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 | $82,985 | $43,071 | — | — | — |
| 2023 | $75,350 | $38,434 | — | — | — |
| 2022 | $104,465 | $43,760 | — | — | — |