Plan Snapshot
- Plan Sponsor: Minerals Technologies INC.
- Sponsor EIN: 251190717
- Sponsor Address: 622 THIRD AVE., NEW YORK, NY, 10017
- Plan Type: 401(k)
- Total Participants: 1,624
- Total Assets: $360.7M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,624 | $360.7M | $7.0M | $13.3M |
| 2023 | 1,712 | $340.3M | $6.8M | $12.8M |
| 2022 | 1,680 | $312.1M | $6.4M | $12.0M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SVCS. | RETAINED BY CLIENT | $128,021 | — | $128,021 |
| FIDUCIARY PENSION PARTNERS, LLC | RETAINED BY CLIENT | $35,000 | — | $35,000 |
| WITHUM | RETAINED BY CLIENT | $33,280 | — | $33,280 |
| WITHUM SMITH & BROWN, P.C | Auditor | $33,280 | — | $33,280 |
| PLANTE MORAN P.C. | RETAINED BY CLIENT | $26,000 | — | $26,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SVCS. — RETAINED BY CLIENT
- FIDUCIARY PENSION PARTNERS, LLC — RETAINED BY CLIENT
- WITHUM SMITH & BROWN, P.C — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $255,581
- Estimated Expense Ratio: 0.071% 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 | $226,381 | $82,808 | $106,211 | $33,280 | — |
| 2023 | $178,588 | $43,229 | $104,963 | $30,336 | — |
| 2022 | $153,797 | $26,250 | $103,850 | — | $23,697 |