Plan Snapshot
- Plan Sponsor: Max-Tech, INC.
- Sponsor EIN: 203705624
- Sponsor Address: 920 HAMEL ROAD, HAMEL, MN, 553409539
- Plan Type: 401(k)
- Total Participants: 723
- Total Assets: $15.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 723 | $15.2M | $913,107 | $1.4M |
| 2023 | 669 | $11.9M | $785,099 | $1.1M |
| 2022 | 420 | $8.1M | $585,344 | $899,016 |
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 |
|---|---|---|---|---|
| BREMER BANK NA | ADVISOR | $28,692 | — | $28,692 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $14,989 | — | $14,989 |
| REDPATH AND COMPANY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- REDPATH AND COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,681
- Estimated Expense Ratio: 0.287% 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 | $43,681 | $28,692 | — | — | — |
| 2023 | $30,216 | $19,469 | — | — | — |
| 2022 | $13,558 | — | — | — | — |