Plan Snapshot
- Plan Sponsor: Midstate Manufacturing Company
- Sponsor EIN: 371082009
- Sponsor Address: 750 WEST THIRD STREET, GALESBURG, IL, 61401
- Plan Type: 401(k)
- Total Participants: 171
- Total Assets: $7.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 171 | $7.3M | $716,429 | $233,762 |
| 2023 | 163 | $6.0M | $316,948 | $212,127 |
| 2022 | 131 | $5.3M | $314,356 | $211,090 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $21,836 | — | $21,836 |
| EDWARD JONES | NONE | $18,639 | — | $18,639 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,475
- Estimated Expense Ratio: 0.557% 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 | $40,475 | $18,639 | $21,836 | — | — |
| 2023 | $28,051 | $10,796 | $17,255 | — | — |
| 2022 | $30,536 | $11,044 | $19,492 | — | — |