Plan Snapshot
- Plan Sponsor: Midwestern Mechanical, INC.
- Sponsor EIN: 421242780
- Sponsor Address: 4105 N LEWIS AVE, SIOUX FALLS, SD, 57104
- Plan Type: 401(k)
- Total Participants: 275
- Total Assets: $13.3M
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 | 275 | $13.3M | $322,549 | $1.3M |
| 2023 | 273 | $11.0M | $284,741 | $1.1M |
| 2022 | 257 | $9.3M | $76,546 | $289,614 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $44,607 | — | $44,607 |
| VPAG LLC DBA VISIONPOINT ADVISORY G | INVESTMENT ADVISOR | $30,673 | — | $30,673 |
| KETEL THORSTENSON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KETEL THORSTENSON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,280
- Estimated Expense Ratio: 0.564% 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 | $75,280 | $30,673 | — | — | — |
| 2023 | $61,343 | $24,622 | — | — | — |
| 2022 | $13,613 | — | $13,613 | — | — |