Plan Snapshot
- Plan Sponsor: Metalworks, INC.
- Sponsor EIN: 381898020
- Sponsor Address: 902 FOURTH STREET, LUDINGTON, MI, 49431
- Plan Type: 401(k)
- Total Participants: 187
- Total Assets: $16.2M
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 | 187 | $16.2M | $215,611 | $733,418 |
| 2023 | 161 | $15.3M | $97,302 | $633,043 |
| 2022 | 202 | $15.2M | $177,716 | $635,917 |
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 |
|---|---|---|---|---|
| REHMANN ROBSON LLC | 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 | $93,913 | $60,342 | — | — | — |
| 2023 | $4,531 | — | — | — | — |
| 2022 | $4,853 | — | — | — | — |