Plan Snapshot
- Plan Sponsor: Metal Powder Products, LLC
- Sponsor EIN: 352048692
- Sponsor Address: 14670 CUMBERLAND ROAD, NOBLESVILLE, IN, 46060
- Plan Type: 401(k)
- Total Participants: 529
- Total Assets: $29.9M
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 | 529 | $29.9M | $75 | $1.6M |
| 2023 | 596 | $30.2M | $1.1M | $2.1M |
| 2022 | 727 | $28.1M | $1.2M | $2.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $77,547 | — | $77,547 |
| PROCOURSE FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISOR | $27,493 | — | $27,493 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $6,060 | — | $6,060 |
| MOWERY & SCHOENFELD, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MOWERY & SCHOENFELD, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,100
- Estimated Expense Ratio: 0.371% 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 | $111,100 | $33,553 | — | — | — |
| 2023 | $101,920 | $46,658 | — | — | — |
| 2022 | $95,875 | $53,125 | $42,750 | — | — |