Plan Snapshot
- Plan Sponsor: Midwest Tape, LLC
- Sponsor EIN: 371499686
- Sponsor Address: 1417 TIMBERWOLF DR, HOLLAND, OH, 435280820
- Plan Type: 401(k)
- Total Participants: 385
- Total Assets: $38.9M
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 | 385 | $38.9M | $1.7M | $2.3M |
| 2023 | 399 | $35.1M | $1.6M | $2.0M |
| 2022 | 378 | $27.4M | $1.2M | $1.6M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | INVESTMENT ADVISOR | $73,688 | — | $73,688 |
| PENSION INNOVATIONS & CONSULTING | TPA | $6,635 | $14,198 | $20,833 |
| CLARK SCHAEFER HACKETT & CO. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,521
- Estimated Expense Ratio: 0.243% 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 | $154,035 | $154,035 | — | — | — |
| 2023 | $125,007 | $125,007 | — | — | — |
| 2022 | $93,669 | $93,669 | — | — | — |