Plan Snapshot
- Plan Sponsor: Midwest Alarm Company, INC.
- Sponsor EIN: 460307899
- Sponsor Address: 2300 SOUTH DAKOTA AVENUE, SIOUX FALLS, SD, 57105
- Plan Type: 401(k)
- Total Participants: 450
- Total Assets: $8.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 450 | $8.1M | $382,664 | $626,950 |
| 2023 | 281 | $6.7M | $382,061 | $626,064 |
| 2022 | 174 | $5.5M | $348,006 | $579,331 |
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 |
|---|---|---|---|---|
| ERICHSEN DALLSEN CPAS | Auditor | $10,450 | — | $10,450 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,450
- Estimated Expense Ratio: 0.129% 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 | $29,272 | — | $18,822 | $10,450 | — |
| 2023 | $24,702 | — | $14,802 | $9,900 | — |
| 2022 | $24,259 | — | $13,259 | — | $11,000 |