# Mi-T-M Corporation 401(k) Plan
Source: https://planprovider.pro/companies/mi-t-m-corporation-401k-plan

> Mi-T-M Corporation's 401(k) plan: 324 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mi-T-M Corporation

- **Sponsor EIN:** 421014561

- **Sponsor Address:** 50 MI-T-M DRIVE, PEOSTA, IA, 520689467

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

- **Total Participants:** 324

- **Total Assets:** $31.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **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|324|$31.7M|$598,888|$1.7M|

| 2023|348|$28.5M|$608,591|$1.7M|

| 2022|335|$24.7M|$613,979|$1.7M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$132,086|—|$132,086|

| COMMONWEALTH FINANCIAL NETWORK|INVESTMENT ADVISORY|—|$51,094|$51,094|

| O'CONNOR & BROOKS|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [COMMONWEALTH FINANCIAL NETWORK](https://planprovider.pro/provider/commonwealth-financial-network) — INVESTMENT ADVISORY

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $183,180

- **Estimated Expense Ratio:** 0.577% 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|$132,086|—|$132,086|—|—|

| 2023|$117,309|—|$117,309|—|—|

| 2022|$76,555|—|$76,555|—|—|

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