Plan Snapshot
- Plan Sponsor: Mno-Bmadsen
- Sponsor EIN: 270627447
- Sponsor Address: 415 EAST PRAIRIE RONDE STREET, DOWAGIAC, MI, 490471348
- Plan Type: 401(k)
- Total Participants: 306
- Total Assets: $22.4M
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 | 306 | $22.4M | $900,778 | $1.8M |
| 2023 | 189 | $14.9M | $693,461 | $1.3M |
| 2022 | 179 | $11.2M | $618,017 | $1.2M |
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 |
|---|---|---|---|---|
| 1ST SOURCE BANK | Custodian / Trustee | $16,162 | — | $16,162 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,162
- Estimated Expense Ratio: 0.072% 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 | $16,162 | — | — | — | — |
| 2023 | $17,389 | — | — | — | — |
| 2022 | $13,754 | — | — | — | $13,754 |