# Midwest Engineered Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/midwest-engineered-systems-inc-401k-plan

> Midwest Engineered Systems, INC.'s 401(k) plan: 152 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Midwest Engineered Systems, INC.

- **Sponsor EIN:** 391748087

- **Sponsor Address:** W238 N1800 ROCKWOOD DRIVE, WAUKESHA, WI, 53188

- **Plan Type:** 401(k)

- **Total Participants:** 152

- **Total Assets:** $15.0M

## 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|152|$15.0M|$237,710|$1.3M|

| 2023|126|$11.7M|$185,064|$1.0M|

| 2022|105|$9.2M|$153,861|$861,854|

## 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|

| NEXT LEVEL PLANNING|NONE|$33,745|—|$33,745|

| JOHN HANCOCK|NONE|$32,853|—|$32,853|

| CHORTEK|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK](https://planprovider.pro/provider/john-hancock) — NONE

- [CHORTEK](https://planprovider.pro/provider/chortek-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $66,598

- **Estimated Expense Ratio:** 0.444% 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|$67,935|$33,745|$32,853|—|—|

| 2023|$56,852|$26,327|$1,590|—|—|

| 2022|$48,603|$22,741|$25,042|—|$820|

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