# Methods Machine Tools, INC. 401(k) Plan
Source: https://planprovider.pro/companies/methods-machine-tools-inc-401k-plan

> Methods Machine Tools, INC.'s 401(k) plan: 296 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Methods Machine Tools, INC.

- **Sponsor EIN:** 042254513

- **Sponsor Address:** 65 UNION AVE, SUDBURY, MA, 017760382

- **Plan Type:** 401(k)

- **Total Participants:** 296

- **Total Assets:** $60.2M

## 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|296|$60.2M|$295,389|$2.3M|

| 2023|306|$54.2M|$295,070|$2.6M|

| 2022|396|$49.1M|$506,857|$2.6M|

## 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|

| STOWE & DEGON LLC|Auditor|$54,511|—|$54,511|

### Verified Provider Profiles

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

- [STOWE & DEGON LLC](https://planprovider.pro/provider/stowe-and-degon-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $54,511

- **Estimated Expense Ratio:** 0.091% 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|$101,861|—|—|$54,511|—|

| 2023|$98,631|—|—|$48,257|—|

| 2022|$98,831|—|$98,831|—|—|

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