Plan Snapshot
- Plan Sponsor: Mti Distributing INC.
- Sponsor EIN: 411939333
- Sponsor Address: 4830 AZELIA AVE. N. SUITE 100, BROOKLYN CENTER, MN, 55429
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $19.5M
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 | 133 | $19.5M | $190,387 | $1.1M |
| 2023 | 120 | $18.5M | $185,344 | $1.1M |
| 2022 | 107 | $15.0M | $166,200 | $963,167 |
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 |
|---|---|---|---|---|
| BOYUM & BARENSCHEER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOYUM & BARENSCHEER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,146 | — | — | — | — |
| 2023 | $7,044 | — | — | — | — |
| 2022 | $6,890 | — | — | — | — |