Plan Snapshot
- Plan Sponsor: Midwest Industries, INC.
- Sponsor EIN: 420734017
- Sponsor Address: 122 E STATE HWY 175, IDA GROVE, IA, 51445
- Plan Type: 401(k)
- Total Participants: 245
- Total Assets: $22.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 245 | $22.9M | $274,589 | $840,707 |
| 2023 | 262 | $20.1M | $259,618 | $717,556 |
| 2022 | 293 | $17.7M | $282,872 | $801,642 |
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 |
|---|---|---|---|---|
| RSM MCGLADREY, INC. | Auditor | $26,880 | — | $26,880 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,880
- Estimated Expense Ratio: 0.118% 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 | $74,422 | $9,362 | — | $26,880 | — |
| 2023 | $54,447 | $7,597 | — | $13,125 | — |
| 2022 | $46,457 | $23,685 | $22,772 | — | — |