Plan Snapshot
- Plan Sponsor: Midwest Floor Coverings, INC.
- Sponsor EIN: 870153288
- Sponsor Address: 810 WEST 2500 SOUTH, SALT LAKE CITY, UT, 84119
- Plan Type: 401(k)
- Total Participants: 97
- Total Assets: $6.1M
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 | 97 | $6.1M | $0 | $461,017 |
| 2023 | 105 | $5.7M | $100,275 | $506,571 |
| 2022 | 120 | $4.6M | $239,805 | $565,193 |
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 |
|---|---|---|---|---|
| BAS PARTNERS | Auditor | $3,100 | — | $3,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAS PARTNERS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,100
- Estimated Expense Ratio: 0.051% 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 | $63,781 | $23,757 | $35,764 | $3,100 | — |
| 2023 | $54,225 | $20,306 | $30,560 | — | — |
| 2022 | $51,362 | $18,874 | $32,488 | — | — |