Plan Snapshot
- Plan Sponsor: Midwest Technical Institute, INC.
- Sponsor EIN: 371347328
- Sponsor Address: 2731 N FARMERS MKT ROAD, SPRINGFIELD, IL, 62707
- Plan Type: 401(k)
- Total Participants: 291
- Total Assets: $7.9M
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 | 291 | $7.9M | $338,661 | $512,409 |
| 2023 | 270 | $6.6M | $302,849 | $455,159 |
| 2022 | 254 | $5.3M | $314,605 | $483,734 |
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 |
|---|---|---|---|---|
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $58,040 | — | $58,040 | — | — |
| 2023 | $47,912 | — | $47,912 | — | — |
| 2022 | $52,844 | $23,523 | $8,794 | — | — |