# Methode Electronics, INC. DC Plan
Source: https://planprovider.pro/companies/methode-electronics-inc-plan-002

> Methode Electronics, INC.'s DC plan: 378 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Methode Electronics, INC.

- **Sponsor EIN:** 362090085

- **Sponsor Address:** 8750 WEST BRYN MAWR AVE, SUITE 1000, CHICAGO, IL, 60631

- **Plan Type:** DC

- **Total Participants:** 378

- **Total Assets:** $93.2M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|378|$93.2M|$1.3M|$3.3M|

| 2023|407|$93.1M|$1.2M|$3.3M|

| 2022|388|$85.9M|$1.2M|$3.0M|

## 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|

| LINCOLN NATIONAL CORPORATION|SERVICE PROVIDER|$72,596|—|$72,596|

| SASSETTI LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LINCOLN NATIONAL CORPORATION](https://planprovider.pro/provider/lincoln-financial-group) — SERVICE PROVIDER

- [SASSETTI LLC](https://planprovider.pro/provider/sassetti-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $72,596

- **Estimated Expense Ratio:** 0.078% 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|$72,596|—|$72,596|—|—|

| 2023|$78,068|$6,250|$71,818|—|—|

| 2022|$133,760|$18,750|$100,817|—|$11,757|

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