# Midwest Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/midwest-industries-inc-401k-plan

> Midwest Industries, INC.'s 401(k) plan: 245 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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