Plan Snapshot
- Plan Sponsor: Micrometl Corporation
- Sponsor EIN: 364243029
- Sponsor Address: 3035 SHADELAND AVENUE, INDIANAPOLIS, IN, 462266281
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 409
- Total Assets: $18.5M
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. |
|---|---|---|---|---|
| 2025 | 409 | $18.5M | $0 | $0 |
| 2024 | 405 | $16.3M | $294,386 | $1.5M |
| 2023 | 366 | $13.6M | $241,374 | $1.3M |
| 2022 | 370 | $12.6M | $293,219 | $1.4M |
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 | Recordkeeper | $112,323 | — | $112,323 |
| WELLTH ADVISORY SERVICES, LLC | Investment Advisor | — | $36,017 | $36,017 |
| KSM CPA AND ADVISORS | Other Service Provider | $6,500 | — | $6,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $154,840
- Estimated Expense Ratio: 0.838% 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 |
|---|---|---|---|---|---|
| 2025 | $1,829,625 | — | $112,324 | $6,496 | — |
| 2024 | $130,062 | — | $130,062 | — | — |
| 2023 | $107,322 | — | $5,847 | $16,306 | — |
| 2022 | $92,697 | — | $77,697 | — | $15,000 |