# Minnesota Ag Power, INC. Dba Midwest Machinery Co. 401(k) Plan
Source: https://planprovider.pro/companies/minnesota-ag-power-inc-dba-midwest-machinery-co-401k-plan

> Minnesota Ag Power, INC. Dba Midwest Machinery Co.'s 401(k) plan: 615 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Minnesota Ag Power, INC. Dba Midwest Machinery Co.

- **Sponsor EIN:** 200145525

- **Sponsor Address:** 4561 HIGHWAY 212, GLENCOE, MN, 55336

- **Plan Type:** 401(k)

- **Total Participants:** 615

- **Total Assets:** $56.4M

## 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|615|$56.4M|$1.5M|$3.4M|

| 2023|627|$48.7M|$1.5M|$3.3M|

| 2022|637|$39.5M|$1.4M|$3.2M|

## 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|

| SHAW & ASSOCIATES|Auditor|—|—|$0|

## 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|$179,851|$118,512|—|—|—|

| 2023|$150,097|$100,177|—|—|—|

| 2022|$128,258|$85,771|$42,487|—|—|

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