Plan Snapshot
- Plan Sponsor: Modern Manufacturing & Engineering INC.
- Sponsor EIN: 411775912
- Sponsor Address: 9380 WINNETKA AVENUE NORTH, BROOKLYN PARK, MN, 55445
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $16.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 166 | $16.5M | $195,953 | $1.2M |
| 2023 | 142 | $15.5M | $185,394 | $921,598 |
| 2022 | 144 | $13.4M | $184,473 | $913,984 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN WEALTH ADVISORS | Investment Advisor | $38,403 | — | $38,403 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $36,517 | — | $36,517 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $14,627 | — | $14,627 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN WEALTH ADVISORS — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,547
- Estimated Expense Ratio: 0.544% 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 | $89,547 | $53,030 | — | — | — |
| 2023 | $78,160 | $46,421 | — | — | — |
| 2022 | $72,716 | $8,493 | — | — | — |