# Midwest Railcar Repair, INC. 401(k) Plan
Source: https://planprovider.pro/companies/midwest-railcar-repair-inc-401k-plan

> Midwest Railcar Repair, INC.'s 401(k) plan: 144 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Midwest Railcar Repair, INC.

- **Sponsor EIN:** 460402930

- **Sponsor Address:** 25965 482ND AVENUE, BRANDON, SD, 57005

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

- **Total Participants:** 144

- **Total Assets:** $11.3M

## 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|144|$11.3M|$464,163|$764,910|

| 2023|114|$8.7M|$352,237|$587,306|

| 2022|112|$6.7M|$285,431|$479,757|

## 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|

| ALERUS FINANCIAL, N.A.|NONE|$49,064|—|$49,064|

| KETEL THORSTENSON, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [KETEL THORSTENSON, LLP](https://planprovider.pro/provider/ketel-thorstenson-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $49,064

- **Estimated Expense Ratio:** 0.435% 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|$48,725|$47,225|—|—|—|

| 2023|$44,938|$43,130|—|—|—|

| 2022|$41,521|$39,111|$2,410|—|—|

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