Plan Snapshot
- Plan Sponsor: Metal Masters Foodservice Equipment & Co., INC.
- Sponsor EIN: 510320417
- Sponsor Address: 100 INDUSTRIAL BOULEVARD, CLAYTON, DE, 19938
- Plan Type: 401(k)
- Plan Number: 005
- Total Participants: 492
- Total Assets: $30.7M
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. |
|---|---|---|---|---|
| 2025 | 492 | $30.7M | $0 | $0 |
| 2024 | 317 | $29.4M | $582,483 | $1.3M |
| 2023 | 338 | $28.1M | $573,033 | $1.3M |
| 2022 | 377 | $25.7M | $571,658 | $1.3M |
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 |
|---|---|---|---|---|
| WILMINGTON TRUST, N.A. | Investment Advisor | $44,819 | — | $44,819 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $34,167 | — | $34,167 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $14,645 | — | $14,645 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,631
- Estimated Expense Ratio: 0.305% 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 |
|---|---|---|---|---|---|
| 2025 | $4,870,148 | $59,464 | — | — | — |
| 2024 | $85,526 | $52,701 | — | — | — |
| 2023 | $82,670 | $51,003 | — | — | — |
| 2022 | $78,887 | — | $78,887 | — | — |