# Mathews Brothers Company 401(k) Plan
Source: https://planprovider.pro/companies/mathews-brothers-company-401k-plan

> Mathews Brothers Company's 401(k) plan: 257 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mathews Brothers Company

- **Sponsor EIN:** 010116500

- **Sponsor Address:** 22 PERKINS RD, BELFAST, ME, 049156034

- **Plan Type:** 401(k)

- **Total Participants:** 257

- **Total Assets:** $7.3M

## 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|257|$7.3M|$72,367|$547,915|

| 2023|244|$6.8M|$64,004|$522,671|

| 2022|199|$5.9M|$64,078|$488,309|

## 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|

| WIPFLI LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WIPFLI LLP](https://planprovider.pro/provider/wipfli-llp) — 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|$33,536|$14,089|$4,100|—|—|

| 2023|$34,650|$12,634|$8,225|—|—|

| 2022|$27,185|$11,609|$15,576|—|—|

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