# Modern Welding Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/modern-welding-company-inc-401k-plan

> Modern Welding Company, INC.'s 401(k) plan: 370 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Modern Welding Company, INC.

- **Sponsor EIN:** 611229111

- **Sponsor Address:** 2880 NEW HARTFORD ROAD, OWENSBORO, KY, 42302

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

- **Total Participants:** 370

- **Total Assets:** $33.9M

## 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|370|$33.9M|$598,346|$1.3M|

| 2023|397|$32.1M|$591,681|$1.4M|

| 2022|315|$27.4M|$562,840|$1.3M|

## 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|

| CHERRY BEKAERT LLP|Auditor|$11,021|—|$11,021|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $11,021

- **Estimated Expense Ratio:** 0.033% 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|$109,217|$55,818|$42,378|$11,021|—|

| 2023|$96,630|$48,375|$39,255|$9,000|—|

| 2022|$98,363|$49,172|$40,691|—|$8,500|

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