Plan Snapshot
- Plan Sponsor: Monroe Tractor & Implement Company, INC.
- Sponsor EIN: 160850083
- Sponsor Address: 1001 LEHIGH STATION ROAD, HENRIETTA, NY, 14467
- Plan Type: 401(k)
- Total Participants: 301
- Total Assets: $28.4M
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 | 301 | $28.4M | $381,385 | $1.5M |
| 2023 | 300 | $26.7M | $665,746 | $1.5M |
| 2022 | 292 | $20.6M | $356,678 | $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 |
|---|---|---|---|---|
| EVANS AND BENNETT, LLP | Auditor | $69,920 | — | $69,920 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,920
- Estimated Expense Ratio: 0.246% 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 | $112,876 | — | — | $69,920 | — |
| 2023 | $92,839 | — | — | — | — |
| 2022 | $39,718 | — | — | — | — |