Plan Snapshot
- Plan Sponsor: Midwest Air Traffic Control Service, INC.
- Sponsor EIN: 480872931
- Sponsor Address: 7300 W. 129TH STREET, OVERLAND PARK, KS, 66213
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 884
- Total Assets: $62.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 884 | $62.2M | $0 | $0 |
| 2024 | 521 | $55.6M | $3.4M | $2.0M |
| 2023 | 545 | $54.2M | $3.5M | $1.9M |
| 2022 | 532 | $49.8M | $3.2M | $2.0M |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | Recordkeeper | $177,704 | — | $177,704 |
| MIDWEST ATC SERVICE INC | Other Service Provider | $35,120 | — | $35,120 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $212,824
- Estimated Expense Ratio: 0.342% 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 | $7,958,237 | — | $35,120 | — | — |
| 2024 | $190,649 | — | $24,299 | — | — |
| 2023 | $206,722 | $2,480 | $12,084 | $15,000 | — |
| 2022 | $58,716 | $10,467 | — | — | $26,198 |