Plan Snapshot
- Plan Sponsor: Materials Processing, INC.
- Sponsor EIN: 351343660
- Sponsor Address: 3500 DEPAUW BOULEVARD SUITE 1090, INDIANAPOLIS, IN, 46268
- Plan Type: 401(k)
- Total Participants: 331
- Total Assets: $34.9M
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 | 331 | $34.9M | $0 | $1.7M |
| 2023 | 305 | $33.4M | $0 | $1.6M |
| 2022 | 299 | $32.9M | $1,000 | $1.6M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SERVIC | RETAINED BY EMPLOYER | $54,779 | — | $54,779 |
| SAGEVIEW ADVISORY GROUP | RETAINED BY EMPLOYER | $40,000 | — | $40,000 |
| KATZ, SAPPER & MILLER, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SERVIC — RETAINED BY EMPLOYER
- SAGEVIEW ADVISORY GROUP — RETAINED BY EMPLOYER
- KATZ, SAPPER & MILLER, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,779
- Estimated Expense Ratio: 0.271% 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 | $94,779 | $40,000 | $54,779 | — | — |
| 2023 | $83,634 | $30,000 | $53,634 | — | — |
| 2022 | $127,028 | $64,400 | $62,628 | — | — |