Plan Snapshot
- Plan Sponsor: Midway Motors Supercenter, INC.
- Sponsor EIN: 205232780
- Sponsor Address: P.O. BOX 966, MCPHERSON, KS, 674600966
- Plan Type: 401(k)
- Total Participants: 188
- Total Assets: $17.1M
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 | 188 | $17.1M | $466,634 | $822,055 |
| 2023 | 197 | $14.9M | $451,343 | $766,920 |
| 2022 | 176 | $12.0M | $441,853 | $727,511 |
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 |
|---|---|---|---|---|
| OFG FINANCIAL SERVICES INC | OTHER | $47,062 | — | $47,062 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $21,002 | — | $21,002 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $14,937 | — | $14,937 |
| ECONOMIC GROUP PENSION SERVICES | CONTRACT ADMIN | $9,510 | — | $9,510 |
| ADAMSBROWN, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADAMSBROWN, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,511
- Estimated Expense Ratio: 0.541% 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 | $90,511 | — | $90,511 | — | — |
| 2023 | $68,763 | — | $68,763 | — | — |
| 2022 | $52,068 | — | — | — | $1,175 |