Plan Snapshot
- Plan Sponsor: Minerals Technologies INC.
- Sponsor EIN: 251190717
- Sponsor Address: 622 THIRD AVE., NEW YORK, NY, 10017
- Plan Type: DB
- Total Participants: 270
- Total Assets: $182.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 270 | $182.8M | $3.8M | $0 |
| 2023 | 306 | $167.1M | $5.0M | $0 |
| 2022 | 332 | $149.0M | $4.0M | $0 |
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 | RETAINED BY CLIENT | $130,784 | — | $130,784 |
| FIDUCIARY PLAN PARTNERS, LLC | RETAINED BY CLIENT | $13,125 | — | $13,125 |
| PLANTE MORAN, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY CLIENT
- FIDUCIARY PLAN PARTNERS, LLC — RETAINED BY CLIENT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,909
- Estimated Expense Ratio: 0.079% 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 | $290,561 | $13,125 | $130,784 | — | — |
| 2023 | $1,174,789 | $17,500 | $114,617 | $30,500 | — |
| 2022 | $1,199,554 | $17,500 | $108,032 | — | $26,500 |