Plan Snapshot
- Plan Sponsor: Mtd Products INC
- Sponsor EIN: 061650267
- Sponsor Address: P.O. BOX 368022, CLEVELAND, OH, 441369722
- Plan Type: DB
- Total Participants: 708
- Total Assets: $100.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 708 | $100.6M | $800,000 | $0 |
| 2023 | 786 | $104.0M | $1.6M | $0 |
| 2022 | 848 | $105.0M | $600,000 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | NONE | $452,307 | — | $452,307 |
| WILSHIRE ASSOCIATES INCORPORATED | NONE | $102,667 | — | $102,667 |
| NORTHERN TRUST COMPANY | NONE | $86,048 | — | $86,048 |
| PRUDENTIAL BANK & TRUST COMPANY | NONE | $67,772 | — | $67,772 |
| JP MORGAN INVESTMENT MANAGEMENT INC | NONE | $61,197 | — | $61,197 |
| FIONDELLA, MILONE & LASARACINA LLP | NONE | $36,400 | — | $36,400 |
| STATE STREET RESEARCH & MANAGEMENT | NONE | $19,262 | — | $19,262 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — NONE
- WILSHIRE ASSOCIATES INCORPORATED — NONE
- JP MORGAN INVESTMENT MANAGEMENT INC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $825,653
- Estimated Expense Ratio: 0.821% 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 | $970,414 | $111,761 | $102,667 | $36,400 | — |
| 2023 | $1,179,758 | $553,888 | $181,708 | — | — |
| 2022 | $902,208 | $203,059 | — | — | $492,853 |