# Midwest Alarm Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/midwest-alarm-company-inc-401k-plan

> Midwest Alarm Company, INC.&#39;s 401(k) plan: 450 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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