Plan Snapshot
- Plan Sponsor: Met-Con Companies, INC.
- Sponsor EIN: 411860307
- Sponsor Address: 15760 ACORN TRAIL, FARIBAULT, MN, 55021
- Plan Type: 401(k)
- Total Participants: 199
- Total Assets: $21.8M
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 | 199 | $21.8M | $319,170 | $1.2M |
| 2023 | 189 | $18.9M | $318,576 | $1.1M |
| 2022 | 194 | $15.1M | $224,187 | $979,367 |
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 |
|---|---|---|---|---|
| BALLENTHIN, FUNK & JOHNSON, LLP | 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 | $27,426 | $43,424 | — | — | — |
| 2023 | $6,908 | $35,795 | — | — | — |
| 2022 | $9,683 | — | — | — | — |